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Fly News Breaks for March 1, 2016
STRZA
Mar 1, 2016 | 06:54 EDT
Evercore ISI analyst David Joyce upgraded Starz to Outperform citing valuation following the pullback in shares over the past several weeks. The analyst continues to expect growth in the Starz service subscriber base and a halt to Encore service losses. Additionally, Joyce said management's forthcoming strategy may include original programming and said the reinvigorated stock buyback program is a sign of confidence in the business model. The analyst has a $33 price target on Starz shares.
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