Morgan Stanley analyst Benjamin Swinburne said he thinks Fox "struck the right balance" of visibility into the pricing power of its core networks and disciplined investment at its investor day meeting, adding that he continues to forecast an acceleration in FY20 growth due to the fact that nearly 40% of cable affiliate revenues up for renewal next fiscal year. Following the meeting, and the company's "strong" Q3 results, Swinburne raised his 2020 and 2021 EBITDA estimates for Fox and increased his price target on the stock to $44 from $42. He keeps an Overweight rating on Fox shares.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here