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Fly News Breaks for October 31, 2016
RGC
Oct 31, 2016 | 06:37 EDT
B. Riley analyst Eric Wold upgraded Regal Entertainment to Buy citing valuation with the stock down 5.2% on Friday. Investors were disappointed over lack of special dividend, Wold tells investors in a research note. He agrees with management's decision to allocate capital towards high-return theater enhancements, however, and keeps a $24.75 price target for the shares.
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