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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
Dec 2016B. RileyInitiates Coverage OnBuy
Nov 2016RBC CapitalUpgradesSector PerformOutperform
Oct 2016Morgan StanleyInitiates Coverage OnOverweight

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