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Fly News Breaks for April 13, 2015
MCS
Apr 13, 2015 | 09:01 EDT
B. Riley downgraded Marcus to Neutral and lowered its price target to $22.75 from $25. The firm said exhibitors have rallied through the strong Q1 box office and valuations are pricing in a perfect 2015 and 2016. B. Riley adjusted 2016 estimates due to continued film slate uncertainties and said industry weakness has historically been more of a driver of multiples than individual performance.
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