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Fly News Breaks for November 23, 2015
LGF
Nov 23, 2015 | 08:35 EDT
Piper Jaffray analyst James Marsh says Lionsgate's Mockingjay 2's opening weekend of $101M in domestic theatres came in below his $130M estimate. Interest in the series has cooled over the past two installments, Marsh tells investors in a research note. He expects the stock to open lower today but recover as the domestic box office does better over the holiday weekend. The 15% selloff over the past six days prices in some of the bad news, Marsh contends. He keeps an Overweight rating on Lionsgate with a $45 price target.
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