Dawson James analyst James McIlree raised the firm’s price target on Genius Brands to $12.50 from $5 and keeps a Buy rating on the shares. The analyst views the recent share price decline in the wake of the company’s share consolidation as an "extraordinary opportunity to accumulate the shares." The price target change reflects yesterday’s 1:10 reverse stock split as well as other factors, the analyst tells investors in a research note. The firm believes Genius has a unique set of entertainment assets that are selling at a "significant discount to the company’s intrinsic value."
Published first on TheFly
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