Fly News Breaks for February 9, 2017
LGF, LGF.B, LGF.A
Feb 9, 2017 | 05:39 EDT
Piper Jaffray analyst Stan Meyers says that while Lionsgate last night missed topline expectations, it beat on adjusted OIBDA, reflecting higher contribution margins across Film, TV and Media segments. The analyst believes the company is positioned to outperform expectations as Starz delivers more subs with its new original content strategy in 2017 and the Motion Picture Group "gets back on track" with La La Land outperformance. He sees further upside for Lionsgate shares and reiterates an Overweight rating on the name with a $35 price target.
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