Lionsgate Studios price target raised to $8.50 from $8 at Morgan Stanley

Morgan Stanley analyst Thomas Yeh raised the firm’s price target on Lionsgate Studios (LION) to $8.50 from $8 and keeps an Overweight rating on the shares. The Lionsgate separation, now expected in April, remains a positive catalyst for unlocking value for Lionsgate’s studio business, says the analyst, who adds that “strong” fiscal Q3 Studio OIBDA “increases our confidence in its ability to drive meaningful earnings recovery.”