Starz Entertainment price target lowered to $14 from $15 at Morgan Stanley

Morgan Stanley analyst Thomas Yeh lowered the firm’s price target on Starz Entertainment (STRZ) to $14 from $15 and keeps an Equal Weight rating on the shares. Starz’s Q2 subscriber declines reflect its reliance on select titles to drive performance and BMF driving lower than expected customer acquisition, though a stronger second half slate and expense controls leave FY25 adjusted OIBDA guidance unchanged, the analyst tells investors. The firm lowered its revenue forecast on subscriber pressure, but notes that lower expenses help mitigate the EBITDA impact.