Fly News Breaks for February 27, 2020
Feb 27, 2020 | 07:08 EDT
Wells Fargo analyst Steven Cahall lowered the firm's price target on AMC Networks to $35 from $46 and keeps an Equal Weight rating on the shares. While the company was able to meet 2019 targets despite a turbulent environment, the analyst thinks it is "clear" the management team now sees the need to invest in content and technology in order to position the company for an SVOD future.
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