Macquarie Capital analyst Tim Nollen has upgraded his rating on the stock of Fox Corp. to "neutral" and boosted his price target by $9 to $31, citing improving advertising trends that led him to increase his financial estimates, among other things. "The ad market is looking better than previously expected, and a return of live sports along with political ad spend in the second half of the calendar year would boost Fox," he wrote in a Friday report. "A recovery in valuation stability post the COVID crash gives us the opportunity to reassess our view on Fox shares based on our sum of the parts analysis." Earlier in the week, Fox COO John Nallen had said that advertising trends were moving in a better direction after the initial freefall of.