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Fly News Breaks for November 25, 2019
AMCX
Nov 25, 2019 | 05:17 EDT
Imperial Capital analyst David Miller lowered his price target for AMC Networks to $35 from $39 and keeps an Underperform rating on the shares. The analyst is skeptical that AMC's streaming products will grow faster than the decline of its traditional channel business. He decreased his fiscal 2019 and 2020 estimates for the company to reflect continued cord-cutting.