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Fly News Breaks for February 8, 2016
FOXA, TWX, AMCX
Feb 8, 2016 | 09:24 EDT
Pacific Crest expects TV networks to benefit from the improving TV ad market, and it thinks the companies' results are poised to beat expectations. Additionally, it believes that investors will value what it sees as the companies' "strong cash flows, defensible business models and reasonable valuations." It recommends owning AMC Networks (AMCX), Time Warner (TWX), and 21st Century Fox (FOXA).
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