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In a report published Monday, Deutsche Bank analyst Doug Mitchelson reiterated a Hold rating on Starz (NASDAQ: STRZA), and raised the price target from $18.00 to $22.00.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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In the report, Deutsche Bank noted, “Starz trades at 11x ‘13e FCF/shr vs the Entertainment group at 18x. While this discount is sizeable, it is reasonable given: (1) increasing SVOD competition and Disney movies move from Starz to Netflix in 2016; (2) the strategy to invest in TV taking years to prove out with success uncertain, (3) we see no strategic buyer for Starz and its lack of scale suggests future difficult affiliate renewals. Maintain Hold.”
Starz closed on Friday at $24.78.