$FOXA

JPMorgan upgraded Fox Corporation Class B (FOX) to Overweight and raised its price target to $82 from $70, according to Dow Jones Newswires. The note cites Fox’s Tubi Media Group partnering with Gracenote to improve content discovery, metadata, and context-aware programmatic ad targeting across Tubi and FOX One, per PR Newswire.

Jefferies downgraded Apple (AAPL) to Underperform, citing canceled September 2027 all-glass iPhone plans and a lower FY26–FY31 ASP growth outlook, with foldable iPhone 18 as the main growth driver. Citi downgraded Allstate (ALL) to Sell. Truist upgraded Best Buy (BBY) to Buy, raising its target to $95. BofA cut StubHub (STUB) to Underperform, and Wells Fargo upgraded Fox (FOXA) to Overweight, raising its target to $80.

Duquesne Family Office, managed by Stanley Druckenmiller, reshuffled its Q2 portfolio, according to a newly filed 13F. It increased Amazon (AMZN) by over 1,000% to 541,600 shares and added Alphabet (GOOG/GOOGL) and call options on Meta (META) and Tesla (TSLA). It exited AVGO, INTC and MU, added AMD, increased TSM, and added BTDR, RIOT, DAL, UAL, and FOX.

Midday movers included Cisco (shares down 2% after HSBC cut its rating to Hold and price target to $120), Applied Materials (down 5% after Q2 adjusted EPS $3.50 on $9.12B revenue), Reddit (up 12% on S&P 500 inclusion Aug. 18), and Sandisk (up 6% after JPMorgan upgraded to Overweight). Other moves cited upgrades, tariffs, and guidance changes.

Jim Cramer’s newsletter lists market drivers and stock-specific catalysts for Aug. 14. Applied Materials fell nearly 6% after earnings and guidance. Sandisk rose after a bullish JPMorgan view. Reddit jumped on S&P 500 inclusion. Workday surged on reported Silver Lake talks. RBC raised targets for Palo Alto Networks and CrowdStrike. Other items include Capital One, T-Mobile, Wayfair, and Fox upgrades/downgrades.

J.P. Morgan and Wells Fargo upgraded Fox Corp. to Overweight from Neutral and raised price targets to $82 and $80. Both cited improved earnings visibility from TV and Tubi, higher EBITDA forecasts, and upside from the 2026 FIFA World Cup and political ads. J.P. Morgan expects Roku/Tubi to create a larger free ad-supported streaming operator; Wells Fargo estimates about $300 million ad synergies in two years.

Analyst notes on Friday included KeyBanc reiterating Apple as underweight, citing iPhone 17 carrier survey data slightly positive but with iPhone 18 price uncertainty. Bernstein upgraded Wayfair to Outperform, raising its PT to $125. Morgan Stanley reiterated Nvidia as overweight. Other calls covered Fox, Intuitive Machines, Cinemark, SanDisk, Energy Fuels, Digital Realty, SpaceX, Dell, Micron, and T-Mobile.

Premarket movers included Reddit, up 12% after S&P Dow Jones Indices said it will join the S&P 500 on Aug. 18. Applied Materials fell over 5% after Q2 results: adjusted $3.50 EPS on $9.12B revenue, with $7.04B from semiconductor systems. Wayfair rose 4% on a Bernstein upgrade. Workday gained ~2% after Reuters reported Silver Lake talks. Fox rose 2% on JPMorgan and Wells Fargo upgrades tied to Roku acquisition for $22B. Sandisk climbed 5% on a JPMorgan upgrade to overweight.

Fox Corp. was upgraded to Overweight from Neutral by J.P. Morgan and Wells Fargo, citing stronger earnings prospects, robust advertising trends, and its planned Roku acquisition. J.P. Morgan raised its $82 target and fiscal 2027-28 adjusted EBITDA estimates after Q4 results. Q4 TV revenue rose 45% to $2.48B and Tubi revenue grew 35%.

The article reports Friday’s Wall Street analyst research calls after cooler-than-expected CPI and PPI helped lift the S&P 500 to a record and Nasdaq up 0.81%. It cites upgrades, downgrades, and initiations including JPMorgan upgrading FoxA to Overweight with an $82 target and RBC initiating Krystal Biotech (KRYS) at $400. It also lists multiple other price targets across stocks.