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.
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