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Fly News Breaks for November 17, 2016
AMCX
Nov 17, 2016 | 07:23 EDT
UBS analyst Doug Mitchelson lowered his price target on AMC Networks to $48 from $57 citing the inevitable decline of its The Walking Dead franchise and a lack of new hits to offset the decline in profitability. The analyst also cites a lack of M&A interest in the company, as media companies do not appear to want to delve deeper into linear traditional entertainment network shelf space. Mitchelson maintained his Sell rating on AMC Networks shares.
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