Stifel Upgrades Lions Gate (LGF) to Buy
Get Alerts LGF Hot Sheet
Rating Summary:
11 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
Join SI Premium – FREE
Stifel upgraded Lions Gate (NYSE: LGF) from Hold to Buy with a price target of $26.00.
Analyst Benjamin Mogil commented, "Following Starz's 3Q16 better than expected subscriber growth and annual cost guidance slightly below our estimates, we are upgrading our rating on Lions Gate to a Buy from a Hold (as we did the same for Starz) as Starz contributes 70% of consolidated post-merger EBITDA. We view the continued improvement in Starz's fundamentals as offsetting what continues to be a weak slate at Lions Gate. We establish a target price of $26."
For an analyst ratings summary and ratings history on Lions Gate click here. For more ratings news on Lions Gate click here.
Shares of Lions Gate closed at $19.78 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Intermediate Capital Group (ICP:LN) (ICGUF) PT Raised to GBP22.50 at Citi
- HSBC Upgrades UPS (UPS) to Buy, 'Back to earnings growth'
Create E-mail Alert Related Categories
Analyst Comments, UpgradesRelated Entities
Stifel, Definitive AgreementSign 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!