Jefferies Starts Lions Gate (LGF) at Buy

Jefferies initiates coverage on Lions Gate (NYSE: LGF) with a Buy rating and a price target of $37.00.

Analyst John Janedis commented, "We view LGF as an attractive pure play on the LT value of premium content across platforms. Moreover, the co’s risk mitigation strategy provides downside protection in an inherently volatile business. We estimate LGF will generate 8% EBITDA growth and 11% EPS growth over the next 3 yrs, well ahead of peers."

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 $32.10 yesterday.

You May Also Be Interested In

• BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
• SL Green Realty (SLG) PT Lowered to $45 at Jefferies
• JPMorgan Starts Lovisa Holdings Ltd (LOV:AU) at Neutral