Market Overview

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

Share:
Related LGF
Lions Gate Pops 8% Following Q4 Beat, Analysts Weigh In
EPIX Makes Original Series Splash With Adaptation Of 'Get Shorty'
Lions Gate Entertainment's (LGF) CEO Jon Feltheimer on Q4 2016 Results - Earnings Call Transcript (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
Apr 2016RBC CapitalInitiates Coverage onSector Perform
Mar 2016Pacific CrestInitiates Coverage onOverweight
Mar 2016Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for LGF
View the Latest Analyst Ratings

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

 

Related Articles (LGF)

View Comments and Join the Discussion!