Lions Gate Entertainment Corp. (LGF-B) PT Lowered to $13 at Rosenblatt

Rosenblatt analyst Barton Crockett lowered the price target on Lions Gate Entertainment Corp. (NYSE: LGF-B) to $13.00 (from $15.00) while maintaining a Buy rating.

The analyst commented: "We reduce estimates and our price target for Lions Gate's because of a disappointing theatrical run in the Sept. quarter. Our outlook for Studio Adj. OIBDA in F2025 is reduced by $63 million to $316 million, taking our consolidated OIBDA estimate down that much to $434 million. This prompts us to lower the normalized assumption for Studio OIBDA in our SOTP, taking our price target down by $2 to $13."

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