While there is no question the risk profile of Lionsgate is elevated, the stock offers an opportunity for "notable upside" given its "depressed" valuation and potential resolution of several overhangs, JPMorgan analyst Alexia Quadrani tells investors in a research note. She attributes the recent pressure on the shares to "several negative headlines," most recently on the news of the potential drop of Starz from Comcast's premium cable channel bundle. However, the analyst expects a renewal with Comcast will be a near-term catalyst to Lionsgate shares. She keeps an Overweight rating on the name with a $14 price target.