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Fly News Breaks for December 18, 2019
NFLX, AMC
Dec 18, 2019 | 06:13 EDT
BofA/Merrill analyst Bryan Goldberg downgraded AMC Entertainment (AMC) to Underperform from Neutral with a price target of $7, down from $14. The analyst sees a "tough" compares for the 2020 film slate and highlights the lapping of Stubs A-List price increase. Further, he sees a continued rise in perceived competition from small screen competitors such as Netflix (NFLX) as well as high leverage at AMC.