Wunderlich Has Buy Rating On Regal Entertainment Group
Wunderlich Securities is out with a research report on Regal Entertainment Group (NYSE: RGC), and is maintaining its Buy rating and $19 price target on shares.
In a note to clients, Wunderlich writes, "Buy-rated Regal Entertainment Group (RGC) is releasing earnings on Thursday, 7.28.11, at 4:00pm EST and hosting a CC at 4:30pm EST. The domestic call-in # is 877-407-0778. We are looking for sales to advance 2.5% to $749.3mm, with adj. EBITDA up 6.5% to $136.8mm, and $0.18 in adj. EPS v. $0.12 last year. The exhibitors now appear oversold, with prospects not adequately distinguished from pure 3D plays such as RealD (RLD-NR), whose performance may not mirror more constructive long-term generic prospects for 3D movies. This weekend's Comic-Con in San Diego should show some glimpses of 2012 fanboy product."
Shares of RGC closed at $11.53 yesterday.
