Another Netflix-boosted late bloomer for AMC Networks?

|About: AMC Networks Inc. (AMCX)|By:, SA News Editor

AMC Networks (AMCX +1.5%) could see another Netflix-boosted hit with Halt and Catch Fire, reasons Stifel Nicolaus.

The show averaged 1.3M viewers per episode (live + 7 days) during its debut season, but is set up nicely to be another AMC late bloomer off of positive buzz in key demographics.

AMC renewed the 1980s computer drama for a second season.

Stifel has AMCX lined up with a Buy rating and $70 price target.