Fly News Breaks for November 19, 2019
LGF.B, LGF, LGF.A
Nov 19, 2019 | 13:55 EDT
Barrington analyst James Goss lowered his price target for Lionsgate (LGF.A) to $12 from $18 while maintaining an Outperform rating on the shares. The company is facing a couple of meaningful challenges involving near-term carriage renewals plus rollout of Starz in select international markets, Goss tells investors in a research note. However, while acknowledging "some need for caution," the analyst feels much of these concerns are reflected in the stock price.
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