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Fly News Breaks for August 29, 2018
NWSA
Aug 29, 2018 | 06:57 EDT
UBS analyst Tom Beadle upgraded News Corp. to Neutral while lowering his price target for the shares to A$20.10 from A$20.75. The analyst cites valuation for the upgrade following the recent underperformance of the shares. He sees "significant value" in News Corp.'s "stub" of traditional media but believes REA Group remains expensive.
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