Loading...
Loading...
Wunderlich Securities increased its price target on Buy-rated Regal Entertainment Group
RGC to $22 from $19 a share as it believes it is currently undervalued.
Wunderlich Securities notes, "We are enthused about the quality and spacing of 2012 theatrical product, even if up 19% ytd box office pacing is not sustainable. Even with premium screens providing an estimated 18%-19% of 2011 ticket sales from 20% in 2010, there is more latitude for a better in-theatre experience that should improve
consumer value perception, as exemplified by higher resolution and frame rates
this Christmas for the 3D Hobbit experience from director Peter Jackson."
RGC closed at $13.05 a share on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorPrice TargetReiterationPre-Market OutlookAnalyst RatingsWunderlich Securities
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in