Here's Why AMC Networks Shares are Falling Thursday
Shares of AMC Networks were lower Thursday as Stifel lowered its stock rating.
Shares of AMC Networks (AMCX) - Get Report were lower Thursday as Stifel lowered its stock rating to HOLD from BUY. But, the firm maintained its $60 price target on the shares. Stifel lowered its advertising revenue estimates for the entertainment company, citing weak industry-wide ad trends for scripted shows. AMC Networks shares are down about 32% since the beginning of the year.
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