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Fly News Breaks for January 10, 2017
FOXA
Jan 10, 2017 | 08:51 EDT
Credit Suisse analyst Omar Sheikh raised 21st Century Fox's price target to $37 from $34 to reflect a higher core multiple and a higher value for Sky stake. With industry trends improving and the risk of M&A outside the core business now off the table, he expects the steep valuation discount to peers to unwind. The analyst rates 21st Century Fox an Outperform and a top pick in US Media/Cable.
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