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Fly News Breaks for November 23, 2015
LGF
Nov 23, 2015 | 13:11 EDT
JPMorgan analyst Alexia S. Quadrani said weakness in Lionsgate shares related to the Monkingjay 2 film release is a buying opportunity. Quadrani believes the stock weakness is overdone and Lionsgate has a solid slate of films in the next few years with several that could outperform expectations. Additionally, the analyst believes Lionsgate has strategic value as a pure play content provider and believes John Malone is committed to as a long-term investor. Quadrani rates Lionsgate an Overweight with a $48 price target on shares.
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