Wells Fargo analyst Steven Cahall last night upgraded AMC Networks (AMCX) to Equal Weight from Underweight with a price target of $8, up from $5. The firm says that while AMC’s fundamentals remain “challenged,” a potential licensing deal for The Walking Dead in 2027 “sufficiently de-risks the financial outlook.” The stock in premarket trading is up 2% to $7.66.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMCX:
- Sell Rating on AMC Networks Due to Declining Revenues and Competitive Pressures
- AMC Networks upgraded to Equal Weight from Underweight at Wells Fargo
- AMC Networks’ Earnings Call Highlights Streaming Growth
- AMC Networks Inc. Reports Q3 2025 Earnings
- Now Streaming: ESPN names DraftKings as official sportsbook