Lions Gate's Downgrade: The Right Call

Filed under: Analyst Upgrades and Downgrades, Media World, Lions Gate Entertainment (LGF)

Lions Gate Entertainment (LGF) was downgraded to a hold rating this week, according to our Analyst Calls piece. It's no longer a buy, says Jefferies, because Carl Icahn's tender offer is now expired.

If you ask me, I'd say it was the right call. I don't think the stock is currently appropriate for most investors simply because the whole struggle between Icahn and management leaves little clarity to the situation. Traders and arbitrage players are probably having a field day, but smaller participants would be entering a highly speculative scenario at this point.

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Lions Gate's Downgrade: The Right Call originally appeared on BloggingStocks on Sat, 03 Jul 2010 11:40:00 EST. Please see our terms for use of feeds.

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