BUZZ-ASX shares of News Corp at record high; UBS upgrades to 'buy'

ASX-listed shares of media giant News Corp NWS.AX NWSA.O rise 1.8% to a record high of A$51.72

Analysts at UBS raise PT on NWS to A$64.5 from A$51 and upgrade stock rating to "buy" from "neutral"

Lifts earnings estimates for FY25 and FY26 on co, largely reflecting reduced net interest expense post sale of its Australian pay TV business Foxtel

Says market will be keenly looking for an update on the strategic review post the ale of Foxtel and management expectations for interest expense line post Foxtel debt removal