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Fly News Breaks for June 21, 2018
AMCX
Jun 21, 2018 | 07:24 EDT
As previously reported, Bernstein analyst Todd Juenger downgraded AMC Networks to Underperform from Market Perform as he thinks it is unlikely the company will be acquired at a premium. The analyst believes AMC Networks stock is worth $53 stand-alone, $82 in a takeout. Juenger also lowered his price target on the shares to $59 from $60.
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