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.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STRZ: