Market Overview

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

Share:
Related LGF
Hasbro And Lionsgate Team Up To Bring MONOPOLY To Theaters
Top 4 NYSE Stocks In The Movie Production, Theaters Industry With The Highest ROI
Plenty Of Opportunity In Film Investing But Here Is How You Can Limit Downside Risk (Seeking Alpha)

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

View More Analyst Ratings for LGF
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (LGF)

Around the Web, We're Loving...

Get Benzinga's Newsletters