UPDATE: Goldman Sachs Raises PT on Lions Gate Entertainment on Revenue Expectations

In a report published on Wednesday, Goldman Sachs analyst Drew Borst raised the price target on Lions Gate Entertainment (NYSE: LGF) from $22.75 to $30 and maintained a Neutral rating.

In the report, Goldman Sachs stated, "We update our estimates to reflect (1) higher US box office and home video revenue in F4Q; (2) higher international revenue in F4Q; (3) Ender's Game ownership of 25% and higher box office; (4) Anger Management syndication in F2Q15; and (5) higher Divergent trilogy theatrical and home video forecasts."

Lions Gate Entertainment closed on Tuesday at $28.95.