Morgan Stanley Maintains Equal-Weight on Lions Gate Enter, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne has maintained an Equal-Weight rating on Lions Gate Entertainment (LGF) and increased the price target from $8.5 to $9.
November 13, 2023 | 1:52 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Lions Gate Entertainment and raised the price target to $9, indicating a potential upside from the previous target.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on the stock, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Although not directly mentioned in the article, Lions Gate Entertainment Class B shares (LGF/B) may also be impacted by Morgan Stanley's rating and price target change for LGF.
Class B shares often track the performance of the company's other stock classes. The raised price target for LGF could positively influence LGF/B as investors adjust their valuations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80