Guggenheim raised the firm’s price target on News Corp. (NWSA) to $40 from $36 and keeps a Buy rating on the shares after updating the firm’s model to reflect fiscal Q1 earnings and management’s forward commentary. The firm’s FY25 revenue and EBITDA forecasts are now $10.36B and $1.69B, compared to $10.40B and $1.65B previously.
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