Investing.com -- Wells Fargo downgraded Roku to Equal Weight from Overweight on Friday, saying the streaming platform's strong second-quarter results had lifted its estimates but left limited upside to its valuation as the company moves toward its planned acquisition by Fox Corp.
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Investing.com41d agobearish
Wells Fargo downgrades Roku to equal weight after strong second quarterInvesting.com41d agobullish
Fox upgraded to overweight as Roku deal, ad strength lift outlookInvesting.com -- Fox Corp. was upgraded to Overweight from Neutral by J.P. Morgan and Wells Fargo, which also raised their price targets, citing stronger earnings prospects, robust advertising trends and the pending acquisition of Roku.