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.

You May Also Be Interested In

• Wedbush Starts Immunic Inc. (IMUX) at Outperform
• ADC Therapeutics (ADCT) PT Lowered to $5 at Guggenheim
• Gemini Space Station (GEMI) PT Lowered to $6 at Rosenblatt