J.P. Morgan raises Fox's PT on better performance in cable, corporate segments

J.P. Morgan raises PT on Fox Corp FOXA.O to $61 from $57; retains "neutral" rating

Brokerage sees FOXA reporting higher profits for fiscal Q1 and fiscal 2026, citing better performance in cable and corporate segments

J.P. Morgan forecasts slightly better outlook for cable networks than television due to positive commentary on advertising demand environment from company at recent conference

Nine of 23 analysts rate stock "buy" or higher, 13 "hold", and one "sell"; median PT is $62 - data compiled by LSEG

Shares up 0.5% at $60.50 premarket

As of last close, stock up ~24% YTD