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Fly News Breaks for November 21, 2018
CIDM
Nov 21, 2018 | 07:46 EDT
Canaccord analyst Austin Moldow initiated Cinedigm with a Buy rating, stating that it is undergoing a transition from a legacy equipment business to a digital and streaming business. The analyst believes in its growth potential and expects it to be driven by its portfolio of advertising supported by OTT streaming services. Moldow has a $2 price target on Cinedigm shares.
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