Market Overview

UPDATE: Stifel Nicolaus Raises PT to $18 on Lions Gate Entertainment on FQ2 Results, Sequel Comments

Share:
Related LGF
Piper Jaffray Hikes Lionsgate Estimates...Excited About Hunger Games, Divergent, Power Rangers & More
Fast Money Picks For July 14
Lions Gate Could Be Ready To Take Off (Seeking Alpha)

Stifel Nicolaus reiterated its Buy rating on Lions Gate Entertainment (NYSE: LGF) and raised its price target from $17 to $18.

Stifel Nicolaus commented, "We are raising our target price on Lions Gate to $18 (from $17) following not only stronger 2Q13 results but some commentary on "Hunger Games: Catching Fire" costs which given the strong first installment DVD performance should improve franchise profitability. … Net domestic negative costs on "Hunger Games: Catching Fire" should be the same as the first installment of the franchise as the company was able to garner better output deal advances. This coupled with an increase in DVD/VOD expectations for the remaining installment are guided part of the increase in our target price."

Lions Gate Entertainment closed at $16.68 on Friday.

Latest Ratings for LGF

DateFirmActionFromTo
Jun 2015Stifel NicolausMaintainsBuy
May 2015JefferiesInitiates Coverage onBuy
Apr 2015FBR CapitalMaintainsOutperform

View More Analyst Ratings for LGF
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (LGF)

Get Benzinga's Newsletters