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Fly News Breaks for March 14, 2018
AMCX
Mar 14, 2018 | 07:16 EDT
RBC Capital analyst Steven Cahall initiated AMC Networks with a Sector Perform rating and a price target of $57. Cahall warns that the stock may be a "value trap" given its "modest" valuation while the company deals with the overhang of the declining ratings of The Walking Dead. To make the 2018 numbers, the analyst contends that the company's ad revenue needs to rise by 1%-2%, which is "far from certain".
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