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News Corp - A Fantasy Led Recovery

BBY Analyst Mark McDonnell has increased his share price target for News Corporation (NWS) to $22.53 with a Strong Buy rating.

Mark believes that the Q2 results to be released (on or around February 9th) will confirm that the company's strengths remain in producing and distributing fiction,  such as movies and cable programs. Mark is ahead of consensus in his earnings estimates, and we expect that upgrades will mean we get a jump on the pack and secure value and returns for our clients.