Lions Gate Entertainment shares are trading higher after Barrington Research upgraded the stock from Market Perform to Outperform and announced a $12 price target.
Portfolio Pulse from Benzinga Newsdesk
Lions Gate Entertainment shares surged following an upgrade by Barrington Research from Market Perform to Outperform, with a new price target set at $12.
March 11, 2024 | 1:58 pm
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POSITIVE IMPACT
Lions Gate Entertainment Class A shares likely to experience a short-term price increase following the upgrade by Barrington Research to Outperform with a $12 price target.
Upgrades by research firms often lead to short-term positive sentiment among investors, potentially driving up the stock price. The specific mention of a $12 price target provides a clear bullish signal.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Lions Gate Entertainment Class B shares are poised for a short-term uptick in price following Barrington Research's upgrade to Outperform and a $12 price target.
The upgrade to Outperform status and the establishment of a $12 price target by Barrington Research are likely to foster positive investor sentiment, driving up Class B shares in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90