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Fly News Breaks for August 16, 2016
AMCX
Aug 16, 2016 | 08:34 EDT
Pacific Crest analyst Andy Hargreaves says that AMC's stock is "overly cheap." The analyst says that the ratings of the network's "Fear the Walking Dead" show have "stabilized over the past five episodes," indicating that its "viewership declines should moderate" in the second half of its upcoming season. The analyst adds that "Walking Dead's" audience could stabilize during its upcoming season. He keeps a $72 price target and Overweight rating on the stock.
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