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.
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