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Lazard Capital Markets Raises Price Target on News Corp (NWSA)
Lazard Capital Markets reported on Wednesday that it has increased its price target on global media company, News Corp(NWSA
).
The firm, which currently has a “Buy” rating on NWSA, has raised its price target on the company to $35. This price target suggests a 13% upside to the stock’s current price of $30.22.
Analysts have increased the company’s price target based on their belief of Fox Sports 1 increasing EPS by 5%.
News Corp shares were mostly flat during Wednesday morning trading. The stock has increased 59% in the past year.
The Bottom Line
Shares of News Corp(NWSA) have a 0.56% yield, based on Wednesday morning’s price of $30.44.
News Corp(NWSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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