UPDATE: Topeka Initiates Coverage on Lionsgate Entertainment with a Buy Rating, $40 PT
Topeka Capital's David Miller initiated coverage on Lionsgate Entertainment (NYSE: LGF) with a Buy rating and $40 PT.
Miller said shares have recently consolidated and pulled back "to around $30 following the dissipation in hype following the Catching Fire release."
The analyst believes the lower price target has presented a wonderful buying opportunity for SMID value investors to either establish or add to existing positions. Topeka is expecting to see notable growth in LFCF in F2015.
Latest Ratings for LGF
|Apr 2015||FBR Capital||Maintains||Outperform|
|Sep 2014||ISI Group||Initiates Coverage on||Buy|
|Apr 2014||B. Riley||Maintains||Buy|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.