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Fly News Breaks for June 3, 2019
AMCX
Jun 3, 2019 | 04:47 EDT
Imperial Capital analyst David Miller upgraded AMC Networks to In-Line from Underperform with an unchanged price target of $53. The analyst, despite lowering his 2019 earnings estimate due to higher production costs, cites valuation for the upgrade with the shares down 15% since January 31. He believes AMC's lack of 2019 growth is now priced into the shares.
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