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Fly News Breaks for August 20, 2015
AMCX
Aug 20, 2015 | 05:41 EDT
Piper Jaffray analyst Stan Meyers says the recent 15% selloff in shares of AMC Networks provides a "great" entry point. AMC does has significant exposure to the pay-TV bundle, which brought the shares down with the rest of the media landscape, but its success in scripted dramas and shift towards full ownership of its content will be a "powerful" catalyst for the stock, Meyers tells investors in a research note. He reiterates an Overweight rating on AMC with a $90 price target.
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