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

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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

DateFirmActionFromTo
Jul 2016BernsteinDowngradesOutperformMarket Perform
Jul 2016BernsteinDowngradesMarket Perform
Apr 2016RBC CapitalInitiates Coverage onSector Perform

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