Albert Fried & Co. Upgrades AMC Networks (AMCX) to Overweight; AMC Has 'Turned A Corner', Says Analyst

Albert Fried & Company upgraded AMC Networks (NASDAQ: AMCX) from Market Perform to Overweight with a price target of $97.00. Analyst Rich Tullo thinks AMC has turned a corner.

"AMC Network’s large affiliate base and strong advertising revenue growth are attractive, in our view. However, we think near term concerns about DISH subs create down side risk. In the long-term, we think the quality of AMCX’s programming will amplify top-line growth as well as content expenses in 2013E as AMCX needs to invest in new programming to replace a fast maturing Sunday Night serial programming schedule with few syndicate market options," said Tullo.

For an analyst ratings summary and ratings history on AMC Networks click here. For more ratings news on AMC Networks click here.

Shares of AMC Networks closed at $75.57 yesterday.

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