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Fly News Breaks for August 3, 2015
AMCX
Aug 3, 2015 | 08:10 EDT
As previously reported, Morgan Stanley upgraded AMC Networks to Overweight from Equal Weight. The firm believes AMC's strong growth can can continue despite TV advertising pressures and is above consensus by 2-3% in 2015 and 2016 in revenues and EBIT. Morgan Stanley said risk/reward is favorable on the upcoming content pipeline including Fear the Walking Dead and the launch of FtWD, and affiliate fee acceleration.
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