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Fly News Breaks for October 30, 2019
AMCX
Oct 30, 2019 | 07:22 EDT
BofA Merrill Lynch analyst Bryan Goldberg downgraded AMC Networks to Neutral from Buy ahead of earnings as he projects higher licensing activity, offset by low-single digital affiliate declines and tough advertising comps, in Q3. AMC's total portfolio audience levels were down mid-single digits on a total-day P2+ basis in the quarter, including high-teens declines at the flagship AMC network, Goldberg said. He has a $54 price target on AMC Networks shares.
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