Pivotal Research Downgrades Starz (STRZA) to Hold
Get Alerts STRZA Hot Sheet
Rating Summary:
5 Buy, 11 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 7 | New: 11
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Pivotal Research downgraded Starz (NASDAQ: STRZA) from Buy to Hold with a price target of $31.00 (from $32.00). Analyst Jeffrey Wlodarczak noted that shares had a nice run since being upgraded.
"Starz had a solid 2Q result. Separately, we are reducing our rating on Starz to HOLD post the announced Lionsgate (LGF, N/R) deal for the company, the likely lack of additional deals until the LGF/STRZA deal closes and the company de-levers materially, the pro-forma entity appears fairly valued at current levels w/ an uncertain LGF film outlook (roughly 10X pro-forma ’17 EBITDA and 15X ’17 FCF) and given the nice run in STRZA since our 4/29 upgrade to BUY (+21% vs.+7% S&P)," said Wlodarczak.
For an analyst ratings summary and ratings history on Starz click here. For more ratings news on Starz click here.
Shares of Starz closed at $29.96 yesterday.
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