UPDATE: Wunderlich Securities Raises Lionsgate's PT By Delores Land Benzinga Staff Writer February 28, 2012 9:31 AM Symbols: LGF Tags: Wunderlich Securities Posted in: Analy (…more)
According to a research report published today, Wunderlich Securities has increased Lionsgate's (NYSE: LGF [FREE Stock Trend Analysis]) PT from $15 to $19.
In the report, Wunderlich Securities commented, “Awareness and intent to see movie polls should crystalize Hunger Games' potential even beyond last week's record Fandango ticket sales. The HSX cume expectation has now risen to H$232.7mm from the H$200mm vicinity. We now assume $230mm domestic box office with upside at 135% ($310mm). There is also likelihood for substantial overages on the $50mm foreign presale. Despite the pop culture buzz, or perhaps because of, marketing outlays are only in the $40-$45mm vicinity.”
Wunderlich Securities maintains its Buy rating on Lionsgate, which closed yesterday at $13.59.