While it was a brutal first half of the year for most media stocks, Wall Street observers are bullish on a few Hollywood firms for the second half of 2020.
Despite concerns about the impact of the novel coronavirus on advertising, production, moviegoing and theme park operation, analysts are seeing a near-term upside for a few entertainment giants whose stocks have taken a beating: Fox Corp.
MoffettNathanson analyst Michael Nathanson doesn’t have many entertainment stocks to recommend these days. “The only media ‘buy’ here is Fox based on the presumption that the NFL will come back in the fall and that Fox News is a share gainer,” he tells The Hollywood Reporter about his pick that is focused on positive momentum.
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