Truth Social post
2023-07-11T18:24:26.918Z · UTC
“Wells Fargo downgraded Fox Corporation stock (FOXA) to Underweight from Equal Weight on Monday as analyst Steve Cahall cited ‘ecosystem risks’ surrounding Fox News. ‘Fox’s earnings are mostly Fox News earnings, and Fox News is facing viewership and share pressures,’ he wrote in a new note to clients. ‘With ecosystem risks also elevated we find our estimate outlook more negative and below the Street.’” —Yahoo Finance
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Post ID: 110696848875489072
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