Lions Gate (LGF) Higher Amid Strong Q2 Results, Margins

Shares of Lions Gate (NYSE: LGF) are solidly higher (+6%) early Friday following solid Q2 results after the close.

Stifel analyst Benjamin Mogil said the results were 'Well Ahead Of Expectations On Strong Margins' and reiterated a Buy rating and price target of $37.

He commented, "Lions Gate results were well ahead of our and consensus estimates. Results were driven by in-line Motion picture and higher Television production revenues coupled with higher gross margins at both segments. Digital home entertainment continues to be strong aiding margins going forward. Further aiding EBITDA was lower than expected P&A. The company repurchased shares in the quarter and repaid debt. We remain Buy rated with a $37 target price and will update our estimates after the call."

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

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