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Jon Lafayette

Analyst Downgrades Fox Corp. as Fox News Viewership Falls

Fox Fox Corp Fox News Steven Cahall Fox News Channel

Fox building in New York

Wells Fargo analyst Steven Cahall downgraded Fox Corp. stock to “underweight” from “equal weight” as lower ratings at Fox News Channel and cord-cutting threaten to depress earnings.

Cahall lowered his target price for Fox stock to $31 a share from his previous $35 a share target and Friday’s close of $31.92.

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