Baird upgraded Starz Entertainment (STRZ) to Outperform from Neutral with a price target of $30, up from $12. The firm says the company has a “unique and favorable” position in the entertainment landscape. Starz’s “healthier” monetization strategy, “compelling” content slate, and improving profitability profile should drive upside in the shares, the analyst tells investors in a research note. Baird expects to see a “more favorable valuation” for the stock going forward.
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