Fly News Breaks for December 29, 2015
LGF
Dec 29, 2015 | 08:29 EDT
B. Riley analyst Eric Wold lowered Lionsgate Q3 box office projections to $367M from $408M to reflect the Hunger Games' shortfall. Wold does not expect a meaningful impact on downstream revenue flows due to the company's risk-mitigating strategies. Furthermore, the analyst continues to rate Lionsgate a Buy with $50 price target given potential benefit of tax-efficient of Canadian domicile is not reflected in current valuation.
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