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Fly News Breaks for February 1, 2019
MCS
Feb 1, 2019 | 14:06 EDT
Barrington analyst James Goss reaffirmed his Outperform rating and $49 price target on Marcus shares after the company closed its acquisition of Movie Tavern earlier today. Goss noted that the Movie Tavern acquisition takes the company above 1,000 screens, and believes the acquisition may include some concepts that could "provide cross fertilization opportunities within the existing Marcus circuit." The analyst was also optimistic as Marcus preannounced Q4 financial results, and outperformed the firm's expectations.
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