Loop Capital analyst Alan Gould initiated Fox Corp with a Hold rating and a price target of $42. The analyst notes that although the company is "well positioned for the evolving media world as a news and sports programmer with two channels that all distributors effectively must carry, Fox Broadcast and Fox News," its valuation stands at a premium to most of the traditional media companies. The analyst also warns that Fox's cable affiliate revenue growth is set to moderate even though its "corporate overhead will be elevated for the next couple of years."