Starz Entertainment price target lowered to $13 from $14 at Morgan Stanley

Morgan Stanley analyst Thomas Yeh lowered the firm’s price target on Starz Entertainment (STRZ) to $13 from $14 and keeps an Equal Weight rating on the shares. The second half content slate is helping Starz U.S. streaming subscribers improve modestly and the ongoing focus on lowering costs and owning IP may offer margin upside, but also carries revenue risks from refreshing the slate with limits on pricing power, the analyst tells investors.