UPDATE: Goldman Sachs Initiates Coverage on AMC Networks on Moves to Capture More of the Content Value Chain

In a report published Friday, Goldman Sachs analyst Drew Borst initiated coverage on AMC Networks (NASDAQ: AMCX ) with a Buy rating and $76.00 price target. In the report, Goldman Sachs noted, “We initiate coverage on AMC Networks with a Buy rating and a 12-month price target of $76, implying