RBC Said More Patients Required on Lions Gate (LGF-B), But Still Best Chance of Being Acquired

RBC Capital analyst Steven Cahall reiterated his Outperform rating and $35 price target on Lions Gate Entertainment (NYSE: LGF-B) with shares down heavily YTD as investors have lost conviction that LGF is a unique content story.

Cahall sees the stock re-rating on a few quarters of execution, with M&A back in the thesis thereafter.

The analsyt said while more patience is required, "this is still a precious metal during the content gold rush." Cahall still thinks LGF has the best chance in Media of being taken out in the next 24 month.

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

Shares of Lions Gate Entertainment Corp. closed at $24.26 yesterday.

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