Truist analyst Matthew Thornton downgraded Lionsgate to Hold from Buy with a price target of $8, down from $11. He expects a "very" weak quarter in terms of subscribers given the slate and also sees continued headwinds at Starz and uncertainty in the motion pictures segment. He sees a potentially better setup on the "other side" of a Form 10 filing into strengthening film and Starz slates, added Thornton.
Published first on TheFly
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