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How Will Twenty-First Century Fox (FOXA) Stock React to Deutsche Bank Price Target Cut?

NEW YORK (TheStreet) -- Deutsche Bank reduced its price target to $35 from $36 on Twenty-First Century Fox (FOXA) this morning, while maintaining its "buy" rating on the stock.

While Twenty-First Century Fox posted strong fourth quarter earnings earlier this week, Deutsche Banksaid it chose to cut its price target due to lower-than-expected guidance and a decrease in share repurchases.

The company said it would be more selective with share repurchases in the future and didn't commit to any material buybacks in 2017.

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