Morgan Stanley lowered the firm’s price target on AMC Networks (AMCX) to $8 from $9 and keeps an Underweight rating on the shares. The headwinds to the traditional TV bundle are accelerating AMC Networks’ EBITDA declines, notes the analyst, who lowered the firm’s EBITDA forecast by 15%-20% on average during FY25-27.
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Read More on AMCX:
- Challenging Outlook for AMC Networks: Sell Rating Amidst Linear Cable Pressures and EBITDA Declines
- AMC Networks price target lowered to $6 from $11 at TD Cowen
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- AMC Networks Reports 2024 Financial Results
- AMC Networks’ Mixed Earnings Call: Growth Amid Challenges
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