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Fly News Breaks for August 1, 2016
STRZA, LGF
Aug 1, 2016 | 11:01 EDT
Piper Jaffray analyst Stan Meyers says Lionsgate's (LGF) regulatory filing this morning highlighted better than expected synergies from the Starz (STRZA) acquisition. Synergies are ahead of expectations with $50M in operating and $150M in taxes, Meyers tells investors in a research note. He adds that Lionsgate's EBITDA guidance points to a 45% expansion over the next five years. The analyst reiterates an Overweight rating on the shares with a $30 price target.
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