Citi analyst Jason Bazinet raised the firm’s price target on Lionsgate Studios (LION) to $11 from $9 and keeps a Buy rating on the shares. The firm thinks investors may increasingly view Lionsgate’s value “through a strategic lens” following the Starz separation and elimination of its dual-class share structure. CIti’s review of seven studio transactions between 2006 and 2021 suggest Lionsgate may be worth $13.50 per share. Its new price target of $11 implies a 45% likelihood that Lionsgate is sold in the next 12-18 months for $13.50 per share.
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