Lionsgate Studios upgraded to Buy from Neutral at Seaport Research

Seaport Research analyst David Joyce upgraded Lionsgate Studios to Buy from Neutral with a $12 price target. The upside opportunity in Lionsgate Studios shares “is too great to just be on the sidelines,” the analyst tells investors in a research note. The firm says the stock is trading “relatively cheaply to the parent,” which is “too much of a discount, even if it’s a back-half story.” It cites valuation for the upgrade ahead of the Q2 report.