Will This Price Target Increase Help Eros International (EROS) Today?

Story updated at 9:40 a.m. to reflect market activity.

NEW YORK (TheStreet) -- UBS raised its price target for Eros International (EROS) to $18 Thursday.

Shares of Eros International gained 0.7% to $15.30 in morning trading.

The firm maintained its "buy" rating for the movie production company. The increase its due to Eros International's healthy topline growth with solid performance of the film slate and greater contribution from its film catalog.

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EROS ChartEROS data by YCharts

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