Market Overview

UPDATE: Pivotal Research Group Initiates Starz at Buy on Potential Sale Catalyst

Share:
Related
The Market In 5 Minutes: You're Not Your Job
Benzinga's Top Upgrades
Starz misses as distribution revenues slide (Seeking Alpha)

Pivotal Research Group initiated coverage on Starz (NASDAQ: STRZA) with a Buy rating and a $21.00 price target.

Pivotal Research Group commented, "A potential acquisition of Starz appears compelling for a large diversified content operator that has the leverage to drive higher pricing for Starz, successfully exit Starz movie relationships and the ability to boost Starz original content strategy. We put the odds of a sale of the company at 60% given Liberty's desire to sell, historic success with sales and significant upside for the right strategic buyer. Further, given how Liberty set up the effective Starz spin there does not appear to be a major barrier to a potential relatively quick tax efficient sale."

Starz closed at $16.21 on Friday.

Latest Ratings for STRZA

DateFirmActionFromTo
Apr 2016Pivotal ResearchUpgradesHoldBuy
Mar 2016Gabelli & CoInitiates Coverage onBuy
Mar 2016Evercore ISI GroupUpgradesHoldBuy

View More Analyst Ratings for STRZA
View the Latest Analyst Ratings

Posted-In: Pivotal Research GroupAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (STRZA)

View Comments and Join the Discussion!