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Lionsgate price target lowered to $9 from $10 at Morgan Stanley
The Fly

Lionsgate price target lowered to $9 from $10 at Morgan Stanley

Morgan Stanley analyst Thomas Yeh lowered the firm’s price target on Lionsgate (LGF.A) Entertainment (LGF.B) to $9 from $10 and keeps an Overweight rating on the shares. The firm lowers parent OIBDA estimates by about 10% in FY25-27, and lowers them 10%-15% at Lionsgate Studios (LION), due to box office underperformance, subsequent carryover effects, and growth off a lower base. The separation appears on track for year-end 2024, which the firm calls “a key catalyst for unlocking Studio value.”

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