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Fly News Breaks for July 28, 2015
CKEC
Jul 28, 2015 | 05:43 EDT
Piper Jaffray analyst James Marsh says the valuation of Carmike Cinemas remains compelling despite the "disappointing" Q2 results. The company's EBITDA missed expectations on higher films costs and premium admission mix shift, Marsh tells investors. He thinks the valuation is compelling enough to overlook the miss, however, and keeps an Overweight rating on Carmike with a $36 price target.
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