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BofA Upgrades Fox to Buy Following Roku Deal | Markets & Money News
Bank of America has upgraded Fox Corporation's stock rating from Underperform to Buy, driven by its upcoming acquisition of Roku, which is seen as a game changer for the company. Analyst Jessica Reif Ehrlich significantly raised the price target from $54 to $85, reflecting growing confidence in Fox's financial outlook. The deal, anticipated to close in early 2027, is projected to yield substantial cost and revenue synergies, potentially increasing EBITDA by 2028. This shift alleviates previous
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