Analysts Offer Insights on Services Companies: News Corp (NWSA), Omnicom Group (OMC) and Fox (FOXA)

There’s a lot to be optimistic about in the Services sector as 3 analysts just weighed in on News Corp (NWSA – Research Report), Omnicom Group (OMC – Research Report) and Fox (FOXA – Research Report) with bullish sentiments.

News Corp (NWSA)

In a report released yesterday, Donald Carducci from J.P. Morgan maintained a Buy rating on News Corp, with a price target of A$39.00. The company’s shares closed last Tuesday at $16.25, close to its 52-week low of $14.87.

According to TipRanks.com, Carducci is a 1-star analyst with an average return of -8.9% and a 43.8% success rate. Carducci covers the Services sector, focusing on stocks such as Star Entertainment Group Limited, Tabcorp Holdings Limited, and REA Group Ltd.

Currently, the analyst consensus on News Corp is a Moderate Buy with an average price target of $23.53.

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Omnicom Group (OMC)

In a report released today, David Karnovsky from J.P. Morgan maintained a Buy rating on Omnicom Group, with a price target of $88.00. The company’s shares closed last Tuesday at $69.28.

According to TipRanks.com, Karnovsky is a 3-star analyst with an average return of 3.4% and a 40.4% success rate. Karnovsky covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Madison Square Garden Sports, and Sinclair Broadcast.

Omnicom Group has an analyst consensus of Moderate Buy, with a price target consensus of $83.60.

Fox (FOXA)

In a report released yesterday, Philip Cusick from J.P. Morgan maintained a Buy rating on Fox, with a price target of $40.00. The company’s shares closed last Tuesday at $29.20, close to its 52-week low of $28.27.

According to TipRanks.com, Cusick is a 4-star analyst with an average return of 3.3% and a 53.8% success rate. Cusick covers the Technology sector, focusing on stocks such as Telephone & Data Systems, Lumen Technologies, and Cogent Comms.

Fox has an analyst consensus of Moderate Buy, with a price target consensus of $38.64, representing a 31.9% upside. In a report issued on October 6, Argus Research also upgraded the stock to Buy with a $43.00 price target.

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