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LGF.A

Lionsgate

$13.84

-0.23 (-1.63%)

, LGF.B

Lionsgate

$13.04

-0.26 (-1.95%)

11:01
05/07/19
05/07
11:01
05/07/19
11:01

Dan McDermott to head Lionsgate, BBC Studios' television partnership

BBC Studios in Los Angeles and Lionsgate announced that they have appointed Dan McDermott as head of the companies' television partnership. The venture was formed to identify, co-develop and co-fund scripted formats and original intellectual property for the U.S. market. In his newly-created role, he will be responsible for overseeing the operations of this recent partnership while shepherding its content initiatives.

LGF.A

Lionsgate

$13.84

-0.23 (-1.63%)

LGF.B

Lionsgate

$13.04

-0.26 (-1.95%)

  • 23

    May

  • 23

    May

LGF.A Lionsgate
$13.84

-0.23 (-1.63%)

04/29/19
04/29/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lionsgate (LGF, LGF.A, LGF.B) downgraded to In-Line from Outperform at Imperial Capital with analyst David Miller citing additional promotional expenses related to the Starz international rollout. 2. Occidental Petroleum (OXY) downgraded to Hold from Buy at Jefferies with analyst Jason Gammel saying the company's hostile counter-offer for Anadarko (APC) is a "risky but perhaps necessary move against a better-capitalized bidder for a company that rejected its initial overtures." 3. CVS Health (CVS) downgraded to Neutral from Outperform at Credit Suisse with analyst A.J. Rice saying the stock faces a transitional year as it tries to drive seismic changes in healthcare. 4. Intel (INTC) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing the company's Q1 earnings miss and reduced FY19 outlook that reflected the company's Data Center Group weakness, which he calls "the linchpin of growth." 5. 3M (MMM) downgraded to Hold from Buy at Gordon Haskett with analyst John Inch downgraded saying his concerns extend beyond the company's Q1 earnings miss and steep guidance reduction. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/29/19
IMPC
04/29/19
DOWNGRADE
Target $16
IMPC
In-Line
Lionsgate downgraded to In-Line from Outperform at Imperial Capital
Imperial Capital analyst David Miller downgraded Lionsgate (LGF.B) to In-Line from Outperform and cut his price target for the shares to $16 from $24. The shares closed Friday up 17c to $14.37. The analyst decreased his fiscal 2019 EBITDA and earnings estimates due to additional promotional expenses related to the Starz international rollout. Further, he lowered his 2020 estimates due to concerns that Lionsgate may guide down, due in large part to recent film performance. Due to the disappointing performance of Hellboy in the theatrical window, and "lukewarm" reviews thus far for Long Shot, the Seth Rogan comedy to be released on May 3, there is a "fairly decent chance" Lionsgate may end up falling short of its guidance, Miller tells investors in a research note.
02/11/19
BRRR
02/11/19
NO CHANGE
Target $21
BRRR
Outperform
Lionsgate price target lowered to $21 from $27 at Barrington
Barrington analyst James Goss lowered his price target for Lionsgate to $21 and keeps an Outperform rating on the shares. The company's content investments have been important in "dramatically" reducing churn following the conclusion of its premiere series Power, Goss tells investors in a research note. This, along with promotional efforts, enabled subscriber levels to remain sequentially flat in Q3, compared to a 500,000 sequential decline in the year-ago period, the analyst points out. His new price target reflects a target multiple of about 10 times his fiscal 2020 OIBDA estimates.
01/14/19
WEDB
01/14/19
NO CHANGE
Target $200
WEDB
Outperform
China price cuts, content M&A to lay groundwork for Apple's future, says Wedbush
Wedbush analyst Daniel Ives believes Apple (AAPL) needs to aggressively cut prices in China on XR and pull forward what he estimates is roughly 15M-20M iPhones that would otherwise sit idle waiting for the next release, or worst case, move to lower priced competition. Additionally, with services the linchpin of the Apple story moving forward, there needs to be serious contemplation within Cupertino around significant content acquisitions to drive services over the coming years, he contends. Ives sees A24, Lionsgate (LGF.A; LGF.B), and Sony Pictures (SNE) among the highest probability M&A targets, Viacom (VIA;VIAB)/CBS(CBS), and MGM Studios among the medium probability M&A targets, and Netflix (NFLX), Disney (DIS), and Gaming platform/video game publishers among the low probability M&A targets. The analyst reiterates an Outperform rating and $200 price target on Apple shares.
LGF.B Lionsgate
$13.04

-0.26 (-1.95%)

03/21/19
RHCO
03/21/19
NO CHANGE
RHCO
Apple event may be negative for Netflix, positive for Lions Gate, says SunTrust
SunTrust analyst Matthew Thornton previews Apple's (AAPL) media event scheduled for March 25th, saying the company is likely to unveil a Video Service. The analyst believes that an Apple OTT service could be a positive for Lions Gate (LGF.B) given the participation of the Starz networks but negative for Netflix (NFLX) "if Apple can offer compelling content bundles at compelling prices with a compelling UI and ubiquitous access". Thornton adds that Apple's bundling of its Music with video subscriptions and news subscriptions may be a negative for Spotify (SPOT) and a "modest incremental negative" for Roku (ROKU) if Apple's service app is not on its service.
03/05/19
LOOP
03/05/19
NO CHANGE
Target $29
LOOP
Buy
Loop Capital lowers Lionsgate earnings forecasts on higher costs
Loop Capital analyst Alan Gould lowers his FY19 EPS view for Lionsgate to 97c from $1.05 and Q4 OIBDA estimate to $119M from $146M to reflect the additional marketing expense at its film and Starz divisions. The analyst is keeping his Buy rating and $29 price target on the shares however, stating that with the first small positive surprise in the company's film division and a "much more commercial" upcoming slate, he expects Lionsgate to hit its "OIBDA target of mid-to-high single-digit growth" target for the three years ended March 2020. Gould also sees Lionsgate reducing leverage next year and points to its "very attractive" valuation of 11-times his expected forward cash earnings.

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$25.55

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USEG

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AAPL

Apple

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MYOV

Myovant Sciences

$12.39

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NVS

Novartis

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SharpSpring

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CREG

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