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Lions Gate fiscal 2020 initiation

Lions Gate fiscal 2020 initiation


We are initiating coverage on Lions Gate Entertainment with a Buy rating and a 12-month price target of $14.50 per share, implying 52% upside.

We also wouldn’t rule out a complete sale of the company, as we note the Vice Chairman of Lions Gate admitted in a recent industry conference about Lions Gate. “We’re not big enough to compete in some of these spaces”, in reference to better financially capitalized media players ability to leverage content.

Read the rest in the initiation...