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Fly News Breaks for September 24, 2018
NCMI
Sep 24, 2018 | 08:04 EDT
B. Riley FBR analyst Eric Wold raised his price target for National CineMedia to $11.50 saying stronger than projected box office trends bode well for attracting incremental in-theater advertising demand. The analyst found an 81% correlation between ad revenues and box office. He increased his 2018/2019 adjusted OIBDA estimates for National CineMedia and keeps a Buy rating on the shares.
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