UPDATE: Piper Jaffray Raises PT to $20 on Lionsgate Entertainment

Piper Jaffray maintains its Overweight rating on Lionsgate Entertainment

and raises its price target $6 to $20 on higher Hunger Games estimates. Piper jaffray says, "Hunger Games expectations raised once again - DBO goes from $180M to $225M, up 25%. We are also adding $75M in international 'overages' for the first film. Hunger Games profits go from $182M to $290M. Importantly the franchise profits go from $900M to $1,409M. Yesterday's NRG tracking data supports our Hunger Games DBO update, with opening box expectations well north of $70M." LGF closed at $13.79 a share on Thursday.