Bank of America Downgrades Fox (FOX), Slashes Price Target to $45

Core Viewpoint - Fox Corporation (NASDAQ:FOX) is experiencing mixed analyst ratings, with Bank of America downgrading its stock while Seaport Research upgrades it, reflecting differing views on the company's future performance and market conditions [2][3]. Group 1: Analyst Ratings - Bank of America downgraded Fox Corporation from Buy to Underperform, reducing the price target from $80 to $45, citing potential vulnerabilities related to NFL contract renewals and a projected 22% downside to fiscal 2027 EBITDA estimates [2]. - Seaport Research upgraded Fox Corporation from Neutral to Buy, maintaining a price target of $64, highlighting strong catalysts such as the FIFA World Cup and mid-term elections, and suggesting that the recent stock pullback was overdone [3]. Group 2: Company Background - Fox Corporation was formed in 2019 following the spin-off of 21st Century Fox's assets to Disney and is focused on news and sports, headquartered in New York [4].