UBS lowered the firm’s price target on AMC Networks (AMCX) to $6 from $8 and keeps a Sell rating on the shares. The firm provided its thoughts on media exposure to a recession and is cutting TV ad estimates, which is “an area we expect to take a hit regardless.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMCX:
- Now Streaming: Amazon CEO says Prime Video has positive impact on Prime business
- Now Streaming: Amazon’s film strategy hits the big-screen
- Now Streaming: YouTube takes 11.6% of TV viewing share in February, says Nielsen
- YouTube captures 11.6% of TV viewing in February, Nielsen says
- AMC Networks management to meet with Seaport Research
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue