UPDATE: ISI Group Initiates Coverage on 21st Century Fox Following Value-Creating Split

In a report published Wednesday, ISI Group analyst Vijay Jayant initiated coverage on 21st Century Fox (NASDAQ: FOXA ) with a Strong Buy rating and $38.00 price target. In the report, ISI Group noted, “We are initiating coverage of 21st Century Fox (FOXA) with a Strong Buy rating (Top Pick)