Bank of America recommended investors should sell some shares in Fox Corp with little near-term catalyst to drive the stock price higher and amid lingering concerns about Dominion Voting Systems’ $US1.6 billion defamation lawsuit.
BofA analyst Jessica Reif Ehrlich cut her rating on the media group to neutral from buy and slashed her share price target by 19 per cent to $US34 ($50.71).
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
