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Stock Market & Financial Investment News

News Breaks
January 14, 2013
08:21 EDTAMCXAMC Networks best way to play media space M&A theme, says Susquehanna
Susquehanna expects M&A in the media space will get increased attention in 2013 and sees AMC Networks as the best way to play this theme. The firm believes the company makes sense as a possible target because an acquirer may believe it can accelerate advertising revenue growth and that AMC Networks channels would be able to negotiate higher affiliate fee increase if it were part of a larger bundle. Shares are Positive rated with a $61 price target.
News For AMCX From The Last 14 Days
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August 20, 2015
09:17 EDTAMCXDisney hit with another downgrade on TV concerns
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06:36 EDTAMCXBernstein cuts Disney, Time Warner with TV entering 'structural decline'
Bernstein analyst Todd Juenger downgraded his rating on both Disney (DIS) and Time Warner (TWX) saying the U.S. television industry is entering a period of "prolonged structural decline." With viewers moving away from ad-supported platforms to non-ad-supported, media companies with the least exposure to U.S. advertising represent the most favorable investments, Juenger tells investors in a 48-page research note on the Media sector. The analyst moved both companies to a Market Perform rating from Outperform, and lowered his price target for Disney to $114 from $125 and for Time Warner to $90 from $101. He called the downgrade of Time Warner a "very close call" as his new price target still represents 15% upside from current levels. Share performance in the entire Media sector will be challenged until the content owners take steps to "reclaim on-demand viewing" from streaming services like Netflix (NFLX) and use it to protect affiliate fees, Juenger argues. His Outperform-rated names are Nielsen (NLSN) and 21st Century Fox (FOXA). Along with Time Warner and Disney, the analyst has Market Perform ratings on AMC Networks (AMCX), CBS (CBS), Scripps Networks (SNI) and Discovery (DISCA). Juenger has an Underperform rating on Viacom (VIAB). Wells Fargo on Tuesday also downgraded Disney to Market Perform. Piper Jaffray this morning told investors that the recent pullback in shares of AMC Networks brings a "great" entry point into the name.
05:41 EDTAMCXAMC Networks selloff provides 'great' entry point, says Piper Jaffray
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August 13, 2015
06:45 EDTAMCXFCC proposes review of 'totality of circumstances test' for retransmission talks
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