Piper Jaffray Rates Bona Film Group Overweight (BONA)

Piper Jaffray rates Bona Film Group BONA as Overweight with a price target of $10, according to a research report published today. In the report, Piper Jaffray states, "We believe Bona Film Group, a leading film distributor and film producer in China, is well positioned to benefit from a growing filmed entertainment market in China. Increased investment in the sector will likely drive more film production and theatre construction which should in turn attract Chinese consumers with an appetite and disposable income for entertainment. Valuation for the BONA shares appears attractive relative to growth prospects and potential risks." Bona Film Group shares are currently trading at $6.37, up 3.75% from Friday's market close.