Fox Corp (FOXA) shares opened higher on Oct. 16 after Bank of America double-upgraded the mass media giant, moving directly from “Underperform” to “Buy.” Analyst Jessica Reif Ehrlich also raised her price target for FOXA to $85, indicating potential for a more than 30% rally from current levels.
Her bullish research note adds to recent momentum in Fox stock, which is currently up roughly 30% versus its year-to-date low in late June.
