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Fly News Breaks for September 17, 2015
STRZA
Sep 17, 2015 | 06:47 EDT
Macquarie downgraded Starz to Neutral and maintained its $45 price target. Analyst Amy Yong said Starz' multiple reflects some M&A premium and owners are motivated but there appeared to be a failed auction in December 2014, according to Bloomberg. The analyst said shares are trading above its 2013 spin-off multiple at a time when consensus estimates are steadily decreasing.
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