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UPDATE: Goldman Sachs Initiates Lions Gate Entertainment at Neutral on Valuation

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Goldman Sachs initiated coverage on Lions Gate Entertainment (NYSE: LGF) with a Neutral rating and an $18 price target.

Goldman Sachs noted, "The recent acquisition of Summit (Twilight films) and the still unfolding Hunger Games franchise (3 films to go) position LGF to deliver a steady stream of FCF that will likely be used to delever and enhance equity appreciation. This point is not lost on the market, with the stock up 92% CYTD and at 10% premium to historic EBITDA multiple and a 35% premium to media conglomerates. We will look for a better entry point and more clarity on the potential for new film franchises to emerge."

Lions Gate Entertainment closed at $15.97 on Wednesday.

Latest Ratings for LGF

DateFirmActionFromTo
Sep 2014ISI GroupInitiates Coverage onBuy
Apr 2014B. RileyMaintainsBuy
Mar 2014WunderlichMaintainsBuy

View More Analyst Ratings for LGF
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Posted-In: Goldman SachsAnalyst Color Initiation Intraday Update Analyst Ratings

 

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