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Fly News Breaks for July 19, 2018
LGF.B, LGF
Jul 19, 2018 | 04:55 EDT
Imperial Capital analyst David Miller started Lionsgate (LGF.B) with an Outperform rating and $28 price target. Lionsgate is one of the "cleanest names" in the Media/Entertainment space, and perhaps the cleanest of any name in the small-to-mid cap Media sub-space, Miller tells investors in a research note. He believes the company's overall strategy and niche in the marketplace is "simple to digest and investor friendly."
News For B;LGF From the Last 2 Days
B
Jun 14, 2019 | 10:17 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Transocean (RIG) downgraded to Neutral from Buy at Citi with analyst Scott Gruber saying his organic cash burn analysis implies the drillers will burn cash until "at least" 2021. 2. CommScope (COMM) downgraded to Outperform from Strong Buy at Raymond James with analyst Simon Leopold saying he is concerned that performance of the acquired ARRIS business will be worse than expected. 3. Spirit AeroSystems (SPR), Astronics (ATRO), and Barnes Group (B) were downgraded to Sell from Hold at SunTrust while Woodward (WWD) and Ducommun (DCO) were downgraded to Hold from Buy. 4. Melinta Therapeutics (MLNT) downgraded to Underweight from Neutral at JPMorgan with analyst Eric Joseph saying while a market cap valuation of $20M-25M "begs the questions of whether shares have yet reached bottom," he believes the answer is "no." 5. Ashland (ASH) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
B
Jun 14, 2019 | 06:31 EDT
SunTrust analyst Michael Ciarmoli downgraded Barnes Group to Sell from Hold and lowered his price target for the shares to $48 from $53.