Rosenblatt Maintains Buy on Lions Gate Enter, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Barton Crockett has maintained a Buy rating on Lions Gate Entertainment (NYSE:LGF) and increased the price target from $17 to $20.
December 26, 2023 | 1:09 pm
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POSITIVE IMPACT
Rosenblatt analyst Barton Crockett maintains a Buy rating on Lions Gate Entertainment and raises the price target from $17 to $20, indicating a positive outlook on the stock.
The increase in price target by Rosenblatt suggests a strong conviction in the company's future performance. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
The article does not provide specific information on Lions Gate Entertainment Class B shares (NYSE:LGF/B), but the Buy rating and raised price target for LGF could imply a similar positive sentiment for LGF/B.
While the article specifically mentions LGF, the Class B shares (LGF/B) often move in tandem with the Class A shares. The raised price target for LGF could suggest a similar market sentiment for LGF/B, potentially leading to a positive short term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80