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B. Riley Cuts Price Target after Lionsgate (LGF) Reports Weak 3Q - PT to $32
February 8, 2016 11:05 AM ESTB. Riley reiterated a Buy rating on Lionsgate (NYSE: LGF), and cut the price target to $32.00 (from $50.00), following the company's 3Q earnings report. Revenues of $671MM came in below consensus estimates of $771MM with diluted EPS of $0.26 also coming in below consensus estimates of $0.49. The weakness was driven by... More
