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Fly News Breaks for July 14, 2016
STRZA, LGF
Jul 14, 2016 | 08:01 EDT
As noted earlier, Bernstein downgraded Lionsgate (LGF) to Market Perform from Outperform. The firm thinks that the Starz (STRZA) acquisition exposes Lionsgate to the portion of the entertainment market that "is in structural decline." Bernstein had expected Liongate's stock to rise in the short-term following the Starz deal, but it notes that this has not occurred. Target to $22 from $34.
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