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Fox Has a Lot to Gain From Sports Bundle. The Stock Gets an Upgrade.

Fox Has a Lot to Gain From Sports Bundle. The Stock Gets an Upgrade.

Citi analyst Jason Bazinet upgraded shares of Fox to Buy from Neutral and increased his price target to $35 from $34. Class A shares of Fox rose 0.5% on Friday to $27.54. Bazinet wrote in a research note that the streaming sports bundle between Fox, Disney, and Warner Bros. was a positive for Fox, the network responsible for Master Chef and The Masked Singer as traditional cable television becomes less popular.