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News Corp. +2% as JPMorgan lifts to Neutral on valuation

Jul. 22, 2020 9:25 AM ETNews Corporation (NWSA) StockNWS, NWSABy: Jason Aycock, SA News Editor
  • News Corp. is higher premarket (NWSA +2%) after an upgrade to Neutral at JPMorgan.
  • Analyst Alexia Quadrani is making the move on valuation. Shares have declined 12% over the past six months, incorporating a heavier dip during March and April amid the pandemic-related pullback.
  • She's increased her target to $12 from $10, vs. yesterday's close of $12.75.
  • Overall, Street analysts have a Neutral outlook on the stock, which has a Quant Rating of Neutral.

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