UPDATE: Wunderlich Securities Raises Lionsgate's PT

Loading...
Loading...
According to a research report published today, Wunderlich Securities has increased Lionsgate's
LGF
PT from $15 to $19. In the report, Wunderlich Securities commented, “Awareness and intent to see movie polls should crystalize Hunger Games' potential even beyond last week's record Fandango ticket sales. The HSX cume expectation has now risen to H$232.7mm from the H$200mm vicinity. We now assume $230mm domestic box office with upside at 135% ($310mm). There is also likelihood for substantial overages on the $50mm foreign presale. Despite the pop culture buzz, or perhaps because of, marketing outlays are only in the $40-$45mm vicinity.” Wunderlich Securities maintains its Buy rating on Lionsgate, which closed yesterday at $13.59.
Market News and Data brought to you by Benzinga APIs
Posted In: Analyst ColorPrice TargetAnalyst RatingsConsumer DiscretionaryMovies & EntertainmentWunderlich Securities
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...