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Fly News Breaks for March 8, 2016
AMC, CKEC
Mar 8, 2016 | 05:48 EDT
B. Riley analyst Eric Wold downgraded Carmike Cinemas (CKEC) to Neutral with a $30 price target citing the acquisition by AMC Entertainment (AMC). Higher bids may surface, but Carmike's risk/reward skews negative given potential regulatory scrutiny of the merger, Wold tells investors in a research note.
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