Market Overview

UPDATE: Stifel Nicolaus Raises PT to $58 on AMC Networks on Core Business Strength

Related AMCX
Top 4 Mid-Cap Stocks In The Entertainment-Diversified Industry With The Highest ROI
Paul Rudd's 'Ant-Man' Photo Pumps Up Marvel Fans
Binge Watching, Sports at Center of Fox Bid for Time Warner (Fox Business)

Stifel Nicolaus reiterated its Buy rating on AMC Networks (NASDAQ: AMCX) and increased its price target from $48 to $58.

Stifel Nicolaus noted, “We are raising our target price on AMC Networks to $58 (from $48) on stronger than expected results as the company continues to increase its monetization of ratings while the core affiliate revenues excluding SVOD were stronger than expected. This sets the stage for a strong 4Q12 as the company regains DISH carriage and has its strongest show of the year airing. Our current target price does not incorporate any contribution from the DISH settlement as the terms to AMC Networks are not yet clear but clearly the company will gain some economics from the settlement."

AMC Networks closed at $52.57 on Thursday.

Latest Ratings for AMCX

DateFirmActionFromTo
Aug 2014JP MorganMaintainsNeutral
Jun 2014MoffettNathansonDowngradesBuyNeutral
May 2014JP MorganMaintainsNeutral

View More Analyst Ratings for AMCX
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (AMCX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters