Seaport Global Securities Starts Lionsgate (LGF-A) at Buy, highlights underappreciated content library, smart tuck-in acquisition, opportunity to improve liquidity and valuation if they collapsed the

Seaport Global Securities analyst David Joyce initiates coverage on Lionsgate (NYSE: LGF-A) with a Buy rating and a price target of $12.00.

The analyst comments: "We are initiating coverage of Lionsgate Entertainment (LGF.A, LGF.B) with a Buy rating and a $12 PT – what we like: an underappreciated content library, a smart tuck-in acquisition pending with E-One, a pending split of the studio from a leaner and more profitable Starz, and the opportunity to improve liquidity and valuation if they collapsed the two-share-class structure, in our opinion."

For an analyst ratings summary and ratings history on Lionsgate click here. For more ratings news on Lionsgate click here.

Shares of Lionsgate closed at $7.63 yesterday.

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