WS #16005
In corporate news, Fox shares are rallying after a BofA upgrade to Buy with a raised price target, citing Roku deal synergies. Semtech also saw positive momentum following an upgrade and boosted Q3 guidance. Conversely, the crypto mining sector faces headwinds as Cantor Fitzgerald lowers price targets across the space, reflecting broader concerns about profitability and financing costs in the digital asset sector.
Corporate Earnings and Analyst Moves
In corporate news, Fox shares are rallying after a BofA upgrade to Buy with a raised price target, citing Roku deal synergies. Semtech also saw positive momentum following an upgrade and boosted Q3 guidance. Conversely, the crypto mining sector faces headwinds as Cantor Fitzgerald lowers price targets across the space, reflecting broader concerns about profitability and financing costs in the digital asset sector.