UPDATE: Evercore Partners Raises Lionsgate's PT

According to a research report published today, Evercore Partners increased Lionsgate Entertainment Corp.'s LGF PT from $10.50 to $14 based on anticipation of an accelerated pay-down of the Summit debt. In the report, Evercore Partners commented, “We have raised our valuation on the Hunger Games franchise to $410 million and believe the market is now pricing in a $200 million domestic box office for the film. We continue to anticipate a $100 million opening weekend assuming $25,000 per screen on roughly 4,000 screens.” Evercore Partners maintains its Overweight rating on Lionsgate, which closed Friday at $11.84.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorPrice TargetAnalyst RatingsConsumer DiscretionaryEvercore PartnersMovies & Entertainment
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!