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Fly News Breaks for March 23, 2016
LGF
Mar 23, 2016 | 06:29 EDT
After visiting the company's headquarters, Piper Jaffray analyst Stan Meyers says Lionsgate is "bruised but not broken." The analyst left the visit more confident in the company's future. Lionsgate's FY17 film slate is more diversified and less capital intensive with 17 films compared to 10 in FY16, Meyers tells investors in a research note. He also believes Lionsgate TV is likely to reach 50% of the overall business within next three years. The analyst has an Overweight rating on the shares with a $30 price target.
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