Investing
Add as a preferred source on GoogleThe new objective is $31 above the previous $54 level; the bank cited expected synergies from the pending Roku deal.
Bank of America raised its rating on Fox Corporation (FOXA) to Buy from Underperform and lifted its price objective to $85, citing expected synergies from the company's pending Roku deal.
The new objective is $31 above the previous $54 level. The Roku deal has yet to close.
Fox shares advanced about 3.3% before the market opened on Oct. 16.
Series E and M are scheduled for monthly payments beginning Nov. 16, 2026; Series B and D are due Jan. 15, 2027.
The company outlined a special cash distribution of $3 per share and expects its voluntary delisting to take effect before trading opens Dec. 4.
It is weighing an IPO, reverse takeover or SPAC transaction, with the route and post-transaction leadership still unsettled.
