UPDATE: Nomura Initiates Coverage on Twenty-First Century Fox
January 15, 2014 at 09:27 AM EST
In a report published Wednesday, Nomura analyst Anthony DiClemente initiated coverage on Twenty-First Century Fox (NASDAQ: FOXA ) with a Buy rating, establishing a $40.00 price target. According to the report, while FOXA currently trades roughly in line with its large-cap peers, we think it deserves a higher-than-industry multiple.