Truist analyst Matthew Thornton raised the firm’s price target on Lionsgate to $10 from $8 and keeps a Hold rating on the shares following what the firm describes as a "mixed but better than expected" fiscal Q3 report. The firm, which raised its FY23 and FY24 AOIBDA and revenue estimates following the quarterly report, came away "incrementally positive" on Lionsgate’s cost focus, upcoming film and Starz slates, and bundling and pricing optionality.
Published first on TheFly
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