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Fly News Breaks for May 5, 2017
NCMI
May 5, 2017 | 06:28 EDT
JPMorgan analyst Alexia Quadrani downgraded National CineMedia to Neutral and lowered her price target for the shares to $12 from $17 following the company's "disappointing" Q1 earnings report and lowered 2017 guidance. The softer cinema advertising scatter market has persisted into Q2, Quadrani tells investors in a research note.
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