Lionsgate (LGF): Cutting 2Q Estimates But Not Rating - B.Riley
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
B. Riley analyst, Eric Wold, reiterated his Buy rating on shares of Lions Gate (NYSE: LGF) but is cutting 2Q estimates. The opening for Deepwater Horizon puts the film on-track to exceed expectations but will mostly benefit Q3 results. The analyst is cutting Q2 estimates with final the box office in the books and while a handful of films disappointed in Q2, this does not derail the positive thesis on either 1) an expectation for more stabilized results for standalone LGF with a diversified film slate and ramping TV production revenues; or 2) the strategic benefits of the LGF/STRZA combination.
No change to the price target of $34.
Shares of Lions Gate closed at $19.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS Cuts Price Target on Restoration Hardware (RH) to $34 Following 3Q
- UBS Raises Price Target on Dick's Sporting Goods (DKS) to $69
- MKM Partners Raises Price Target on Hartford Financial (HIG) to $55
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change
Related EntitiesB. Riley
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!