Morgan Stanley Downgrades AMC Networks to Underweight, Lowers Price Target to $12
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Thomas Yeh downgraded AMC Networks (NASDAQ:AMCX) from Equal-Weight to Underweight and lowered the price target from $19 to $12.
June 06, 2023 | 9:45 am
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AMC Networks downgraded to Underweight by Morgan Stanley, with a reduced price target of $12.
Morgan Stanley's downgrade of AMC Networks to Underweight and the lowering of the price target from $19 to $12 indicates a negative outlook for the stock. This could lead to a short-term decline in the stock price as investors react to the new rating and price target.
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