Wells Fargo Maintains Underweight on AMC Networks, Lowers Price Target to $10
Portfolio Pulse from jenniferd'souza@benzinga.com
Wells Fargo analyst Steven Cahall has maintained an Underweight rating on AMC Networks (NASDAQ:AMCX) and lowered the price target from $15 to $10.
July 31, 2023 | 11:05 am
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NEGATIVE IMPACT
AMC Networks' price target has been lowered from $15 to $10 by Wells Fargo, maintaining an Underweight rating.
The lowering of the price target by a major financial institution like Wells Fargo indicates a lack of confidence in the company's short-term performance. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100