| 2017-11-10 09:23:17|
LGF.A, LGF.B 09:23 11/10 11/10/17
Lionsgate report an 'oasis of relief' in chaotic environment, says Bernstein
Bernstein analyst Todd Juenger said Lionsgate offered "a perfect oasis of relief" with its Q2 report, stating that "revenue beat where it counts," which he explains means everywhere but Motion Pictures, and all earnings metrics "beat handily." While bears will find "something to take issue with," Juenger said he cannot see any new information from the report or conference call that could be construed as "bad." He maintains an Outperform rating and $35 price target on Lionsgate.