AMC Networks price target lowered to $6 from $8 at JPMorgan
JPMorgan analyst David Karnovsky lowered the firm's price target on AMC Networks (AMCX) to $6 from $8 and keeps an Underweight rating on the shares. The firm reduced estimates following the company's Q1 report. It sees limited room for a stock re-rating amid continued pressure to AMC's core revenue streams.
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