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LGF.A

Lionsgate

$28.05

-0.24 (-0.85%)

, LGF.B

Lionsgate

$26.61

-0.39 (-1.44%)

13:35
02/27/18
02/27
13:35
02/27/18
13:35

Lionsgate 'came close' to being bought by Hasbro last year, Variety says

Lionsgate (LGF.A) "came close" to being acquired by Hasbro (HAS) last year before talks broke down over price, said Variety, citing sources. Hasbro wanted to offer more than $40 a share for Lionsgate, but its chairman and top shareholder Mark Rachesky thought Lionsgate was worth more, according to insiders. Lionsgate shares are up nearly 3% to $29 per share following the report. Reference Link

LGF.A

Lionsgate

$28.05

-0.24 (-0.85%)

LGF.B

Lionsgate

$26.61

-0.39 (-1.44%)

HAS

Hasbro

$98.52

1.05 (1.08%)

  • 07

    Mar

  • 07

    Mar

  • 20

    Mar

LGF.A Lionsgate
$28.05

-0.24 (-0.85%)

02/15/18
BRRR
02/15/18
NO CHANGE
BRRR
Lionsgate price target lowered to $34 from $40 at Barrington
Barrington analyst James Goss said that with Lionsgate repositioning its film slate under new leadership, and increasing its investment in programming for Starz, the company sees more muted growth in 2019, but then sees a significant ramp in 2020. While Goss sees near-term upside being muted, he believes the Starz service will be a more attractive offering in the "shifting media landscape," which should provide further opportunities for long-term growth, and he reaffirms his Outperform rating despite moving the price target for Lionsgate shares to $34 from $40.
02/21/18
BERN
02/21/18
DOWNGRADE
BERN
Market Perform
Lionsgate downgraded to Market Perform from Outperform at Bernstein
02/21/18
02/21/18
DOWNGRADE
Target $30

Market Perform
Lionsgate downgraded to Market Perform at Bernstein
As previously reported, Bernstein analyst Todd Juenger downgraded Lionsgate to Market Perform from Outperform and cut his price target on the shares to $30 from $35. The analyst believes competitive investment from rival premium and SVOD services has gotten much more intense, and notes that increased programming investment at Starz is a necessary but recurring cost of doing business, which means the normalized growth rate for Starz has to be lower.
02/21/18
02/21/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Capital One (COF) downgraded to Neutral from Buy at Nomura Instinet with analyst Bill Carcache saying he believes the benefit of improving credit is now fully discounted in the shares and he sees "little room" for positive earnings revisions given the company's slowing sales growth. 2. Lionsgate (LGF.A, LGF.B) downgraded to Market Perform from Outperform at Bernstein with analyst Todd Juenger saying he believes competitive investment from rival premium and SVOD services has gotten much more intense, and notes that increased programming investment at Starz is a necessary but recurring cost of doing business, which means the normalized growth rate for Starz has to be lower. 3. Match Group (MTCH) downgraded to Neutral from Overweight at JPMorgan with analyst Doug Anmuth saying he sees fewer catalysts in the first half of 2018 now that the surge in Tinder Gold has passed. 4. BHP Billiton (BHP) downgraded to Neutral from Buy at Citi with analyst Heath Jansen saying the company's first half of fiscal 2018 results were below expectations. 5. Regeneron (REGN) downgraded to Hold from Buy at Canaccord with analyst John Newman citing concern over the company's decision to not provide guidance for Eylea, which is concerning because it will remain the company's core revenue component for many years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
LGF.B Lionsgate
$26.61

-0.39 (-1.44%)

02/12/18
RBCM
02/12/18
NO CHANGE
Target $35
RBCM
Outperform
Lionsgate price target lowered to $35 from $40 at RBC Capital
RBC Capital analyst Steven Cahall lowered his price target on Lionsgate to $35 after the company reduced its outlook on annual growth due to shifts at Motion Picture unit and Starz investments. Cahall keeps his Outperform rating, adding that despite the tempered earnings growth, the longer-term investment story on the company remains compelling as it is "least exposed to scary media ecosystem concerns, and the best takeout candidate".
HAS Hasbro
$98.52

1.05 (1.08%)

12/21/17
12/21/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Anadarko (APC) assumed with an Overweight at Piper Jaffray. 2. Hasbro (HAS) was initiated with a Buy at B. Riley FBR while Mattel (MAT) was initiated with a Neutral. 3. bluebird bio (BLUE) initiated with a Perform at Oppenheimer. 4. Cree (CREE) initiated with a Neutral at Piper Jaffray. 5. Children's Place (PLCE) and Carter's (CRI) were initiated with a Hold at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/08/18
KEYB
02/08/18
NO CHANGE
Target $110
KEYB
Overweight
Hasbro price target raised to $110 from $105 at KeyBanc
KeyBanc analyst Brett Andress raised his price target for Hasbro to $110 from $105 following a "messy" quarter as he continues to view it as a core long-term holding owing to both its entertainment visibility and ability to execute its content-driven growth strategy. The analyst reiterates an Overweight rating on the shares.
02/08/18
WELS
02/08/18
NO CHANGE
Target $100
WELS
Market Perform
Hasbro price target raised to $100 from $95 at Wells Fargo
Wells Fargo analyst Tim Conder raised his price target for Hasbro to $100 from $95 as Q4 revenue/margins were not as bad as feared precipitating short covering, but core underlying earnings quality deteriorated. The analyst reiterates a Market Perform rating on the shares.
02/08/18
BMOC
02/08/18
NO CHANGE
Target $100
BMOC
Market Perform
Hasbro price target raised to $100 from $83 at BMO Capital
BMO Capital analyst Gerrick Johnson raised his price target on Hasbro to $100 after the company's Q4 earnings beat, but notes that operating performance was "well below expectations", with gross margins missing estimates and Star Wars segment trending softly. Johnson keeps his Market Perform rating on Hasbro, adding that the stock typically rallies into the Toy Fair scheduled for February 16th and sees the focus turning to the release of Frozen 2.

TODAY'S FREE FLY STORIES

PZZA

Papa John's

$51.43

-2.04 (-3.82%)

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GLD

SPDR Gold Trust

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MAXR

Maxar Technologies

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-1.06 (-2.00%)

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ADSK

Autodesk

$136.21

-0.99 (-0.72%)

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CBS

CBS

$58.83

-0.18 (-0.31%)

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KTOV

Kitov Pharmaceuticals

$2.22

-0.13 (-5.53%)

17:27
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Syndicate
Kitov Pharmaceuticals files to sell 2.56M American Depositary Shares »

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AMZN

Amazon.com

$1,822.02

9.02 (0.50%)

17:22
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Hot Stocks
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FAF

First American

$51.89

0.02 (0.04%)

, FNF

Fidelity National

$37.23

0.14 (0.38%)

17:21
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Upgrade
First American, Fidelity National rating change  »

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FAF

First American

$51.89

0.02 (0.04%)

FNF

Fidelity National

$37.23

0.14 (0.38%)

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NAKD

Naked Brand Group

$4.95

-0.15 (-2.94%)

17:20
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Breaking Syndicate news story on Naked Brand Group »

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FNF

Fidelity National

$37.23

0.14 (0.38%)

17:20
07/16/18
07/16
17:20
07/16/18
17:20
Upgrade
Fidelity National rating change  »

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LMT

Lockheed Martin

$319.13

0.69 (0.22%)

17:20
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  • 16

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FDEF

First Defiance Financial

$33.61

1.005 (3.08%)

17:18
07/16/18
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Earnings
First Defiance Financial reports Q2 adjusted EPS 54c, consensus 52c »

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LNT

Alliant Energy

$42.79

-0.14 (-0.33%)

17:05
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  • 22

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TRQ

Turquoise Hill

$2.94

0.11 (3.89%)

17:02
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Turquoise Hill reports Q2 throughput production up 6.3% from Q1 »

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AVEO

Aveo Pharmaceuticals

$2.85

-0.055 (-1.90%)

17:02
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Syndicate
Breaking Syndicate news story on Aveo Pharmaceuticals »

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16:55
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Conference/Events
Morgan Stanleey econo »

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RIG

Transocean

$13.10

-0.37 (-2.75%)

16:42
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Transocean announces $75M 13-well contract for Transocean 712 »

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  • 31

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AG

First Majestic

$7.44

-0.265 (-3.44%)

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ALLY

Ally Financial

$27.24

-0.09 (-0.33%)

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OSG

Overseas Shipholding

$3.51

-0.125 (-3.44%)

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AG

First Majestic

$7.44

-0.265 (-3.44%)

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CHDN

Churchill Downs

$303.50

0.05 (0.02%)

16:35
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  • 02

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BAC

Bank of America

$29.77

1.235 (4.33%)

, DB

Deutsche Bank

$12.14

0.9 (8.01%)

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BAC

Bank of America

$29.77

1.235 (4.33%)

DB

Deutsche Bank

$12.14

0.9 (8.01%)

TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

BHC

Bausch Health

$23.01

-0.39 (-1.67%)

VRX

Valeant

$0.00

(0.00%)

ARNC

Arconic

$19.19

1.8 (10.35%)

APO

Apollo Global

$35.90

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AMD

AMD

$16.58

0.305 (1.87%)

OSUR

OraSure

$16.28

-1.04 (-6.00%)

NTLA

Intellia Therapeutics

$29.37

-3.23 (-9.91%)

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NVCN

Neovasc

$0.04

-0.0004 (-1.05%)

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IGT

International Game

$24.39

-0.5 (-2.01%)

16:32
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International Game announces FanDuel sports betting agreement »

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