UPDATE: Jefferies Initiates Coverage on Eros International on Position to Capitalize on Multiple Growth Opportunities

In a report published Monday, Jefferies analyst Randal J. Konik initiated coverage on Eros International PLC EROS with a Buy rating and $14.00 price target. In the report, Jefferies noted, “Eros is a pioneer in Indian filmed entertainment that is well positioned to capitalize on multiple growth opportunities within India and globally. This is a company that provides exposure to a growing industry in an expanding economy at what we view as a favorable valuation. We initiate coverage with a Buy rating and $14 PT. Jefferies acted as a bookrunner on EROS' November IPO.” Eros International PLC closed on Friday at $10.90.