Morgan Stanley Cuts News Corp Price Target 15% to $32.40
Morgan Stanley reduced News Corp’s 12-month price target to $32.40 from $38, a 14.7% cut. The decrease may put downward pressure on the stock’s valuation multiple relative to communication services peers.
1. Morgan Stanley Lowers News Corp Price Target
On February 7, Morgan Stanley trimmed its 12-month price target for News Corp to $32.40 from $38 per share, marking a 14.7% reduction. This adjustment reflects the firm’s revised outlook on growth prospects and could weigh on investor sentiment given the stock’s current valuation against sector peers.
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