News Corp. price target lowered to $32.40 from $38 at Morgan Stanley

Core Viewpoint - Morgan Stanley has lowered the price target for News Corp. (NWSA) to $32.40 from $38 while maintaining an Overweight rating on the shares, indicating a positive outlook despite the adjustment in price target [1] Group 1: Price Target Adjustment - The price target for News Corp. has been reduced from $38 to $32.40 [1] - The adjustment follows the release of the first half of FY26 results [1] Group 2: Rating and Thesis - Morgan Stanley retains an Overweight rating on News Corp. shares [1] - There is no change to the firm's "fundamental positive thesis" regarding News Corp. [1]