Lionsgate Shares Drop Pre-Market After JPMorgan Initiates Underweight Rating
Shares of Lionsgate Studios (NYSE: LION) fell approximately 3% in premarket trading on Friday following a coverage initiation by J.P. Morgan, which assigned an underweight rating and set a $9 price target for December 2027. The firm cited concerns over the studio's earnings recovery and takeover expectations as leaving 'little room for error.' JPMorgan’s move reflects skepticism about Lionsgate's ability to meet financial or strategic milestones amid ongoing market volatility in the entertainment sector.
Tickers: $LION
Topics: J.P. Morgan Lionsgate Studios price target stock rating