Lionsgate (LION) Rises 7% After Film Breaks Box Office Record, Analyst Raises Price Target
Lionsgate (LION) shares rose 7% following the box office success of its film 'Michael,' which generated $217 million globally in its first weekend. Analysts at Benchmark raised the price target for Lionsgate to $15 from $12, indicating a 22.5% upside potential. The film's performance exceeded expectations and marked Lionsgate's highest opening since the pandemic.
Tickers: $LION
Topics: box office Lionsgate price target upgrade stock performance