Fly News Breaks for August 24, 2018
LGF.B, LGF.A
Aug 24, 2018 | 14:00 EDT
Barrington analyst James Goss noted that a 25M share consortium of Starz investors contested the valuation Lionsgate paid in its December 2016 acquisition of Starz via seven class action complaints. Lionsgate has settled the litigation for $92.5M, a significant portion of which is expected to be covered by insurance. Goss reaffirmed an Outperform rating and $34 price target on Lionsgate, saying the settlement removes a significant uncertainty overhang on Lionsgate equity. The removal of this distraction will be a long-term positive, despite the incremental settlement value, Goss said.
News For B From the Last 2 Days
B
Apr 18, 2024 | 09:47 EDT
Barnes Group is up 7.8%, or $2.59 to $35.98.
B
Apr 18, 2024 | 06:11 EDT
DA Davidson analyst Matt Summerville upgraded Barnes Group to Buy from Neutral with a price target of $45, up from $35.