UPDATE: Topeka Initiates Coverage on Lionsgate Entertainment with a Buy Rating, $40 PT

Topeka Capital's David Miller initiated coverage on Lionsgate Entertainment

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.