Lions Gate Entertainment Corp (LGF.B)

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MACQUARIE ANALYST ON LIONSGATE: 'EVERYONE WANTS IT'

10:52 AM ET 8/2/15 | S&P Capital IQ

In a report published Friday, Macquarie analyst Amy Yong initiated coverage of Lions Gate Entertainment Corp. (USA) (NYSE: LGF) with an Outperform rating and a price target of $45. "Everything changes except great content. As content mercenaries, management has an insatiable appetite for seeking out avenues of growth with a low risk, high return discipline," analyst Amy Yong wrote. This financial disciple by the management had "translated into tremendous free cash flow potential." Yong expects Lions Gate to generate a 3-year CAGR of revenue, EBITDA and FCF of 8 percent, 11 percent and 20 percent till FY18. The analyst projected the company's EBITDA at $1.26bn, towards the high end of the management's guidance. The Macquarie report stated that this projected was based on the following: View More Analyst Ratings for LGFView the Latest Analyst Ratings Write to [e-mail] with any questions about this content. Subscribe to Benzinga PRO: http://pro.benzinga.com 2015 Benzinga Newswires. Benzinga does not provide investment advice. All rights reserved. Acquire Media