Seaport Raises FOX Corp. to Buy, Cites Sports-Betting Pullback as Overdone
Seaport Global upgraded FOX Corp. (NASDAQ: FOXA) to Buy from Neutral and set a $64 price target, arguing that the post-earnings selloff tied to sports-betting exposure fears and an accelerated buyback has been overextended. The firm pointed to upcoming sports programming and the election cycle as advertising catalysts, while other brokers have also…