Morgan Stanley Cuts News Corp Price Target by 14.7% to $32.40
Morgan Stanley lowered News Corp’s 12-month price target by 14.7% to $32.40 from $38 on February 7. This adjustment reflects reduced growth expectations for the company’s news and digital operations and could weigh on investor sentiment.
1. Price Target Cut
On February 7, Morgan Stanley reduced its 12-month price target for News Corp to $32.40 from $38, marking a 14.7% decrease that updates prior valuation benchmarks.
2. Valuation Implications
The lower target reflects tempered revenue projections for the company’s news and digital segments, a revision that may prompt investors to reassess near-term performance expectations.
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