Lions Gate Entertainment Corp. is in a better position than many of its peers to benefit from the changing television landscape, according to Macquarie Research analyst Amy Yong, who raised her price target slightly to $46 from $45. Yong cited Lions Gate’s sales of its content to a network of traditional, digital and international buyers as one reason for the price-target upgrade. While demand for television content in skinnier bundles is on the rise, the pay-TV industry lost 240,000 subscribers during the second quarter, Yong said in a note. The gloomy industry outlook caused Yong to lower her price targets for AMC Networks to $79 from $85, Scripps Networks to $67 from $70, Starz to $45 from $50 and Discovery to $35 from $37.
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