Lionsgate's stock rises 11% after a $4.6bn SPAC deal and stock upgrade ahead of its planned studio spin-off.
Lionsgate's stock rises 11% as it receives a stock upgrade ahead of its planned studio spin-off from Starz. This follows a $4.6bn SPAC deal with Screaming Eagle Acquisition Corp. Barrington Research analyst James Goss raised his rating on the stock to "outperform", and set a price target at $12. The spin-off deal, expected to start in April, will create a publicly traded subset of the studio business and focus on its identity.
March 11, 2024
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