UPDATE: Sterne Agee Initiates Starz at Buy on Positive Trend
In a report published Thursday, Sterne Agee analyst Vasily Karasyov initiated coverage on Starz (NASDAQ: STRZA) with a Buy rating and $26.50 price target.
In the report, Sterne Agee noted, “We believe the consensus is too focused on the top-line challenges Starz faces, and overlooks the positive trend in programming costs in 2013 and underestimates the management's commitment to share repurchase. We rate STRZA shares a Buy with a 12-month price target of $26.50.”
Starz closed on Wednesday at $21.71.
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