May. 11 at 5:25 PM
News Corp.
$NWSA $NWS is trading lower despite a Macquarie upgrade to Outperform and a price target hike to
$29.40. The firm pointed to better than expected Q3 revenue and EBITDA as well as momentum from AI content licensing deals. Macquarie also cited growth at Dow Jones and an attractive valuation for the call.
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