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Fly News Breaks for July 1, 2016
STRZA, LGF
Jul 1, 2016 | 08:53 EDT
Pacific Crest says that the strategic value of Lionsgate's (LGF) acquisition of Starz (STRZA) is low. The firm expects Starz's margins to drop going forward. It cut its price target on Lionsgate to $24 from $27 but keeps an Overweight rating on the shares.
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