Wells Fargo analyst Steven Cahall last night upgraded AMC Networks (AMCX) to Equal Weight from Underweight with a price target of $8, up from $5. The firm says that while AMC’s fundamentals remain “challenged,” a potential licensing deal for The Walking Dead in 2027 “sufficiently de-risks the financial outlook.” The stock in premarket trading is up 2% to $7.66.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMCX:
- Sell Rating on AMC Networks Due to Declining Revenues and Competitive Pressures
- AMC Networks upgraded to Equal Weight from Underweight at Wells Fargo
- AMC Networks’ Earnings Call Highlights Streaming Growth
- AMC Networks Inc. Reports Q3 2025 Earnings
- Now Streaming: ESPN names DraftKings as official sportsbook