Market Overview

UPDATE: National Alliance Downgrades Regal Entertainment Group from Buy to Accumulate

Related RGC
Top 4 NYSE Stocks In The Movie Production, Theaters Industry With The Highest Dividend Yield
Markets Continue To Rally As The Dow Closes Above 17,000

National Alliance reduced its rating on Regal Entertainment Group (NYSE: RGC) From Buy to Accumulate and lowered its price target from $17.63 to $16.68.

National Alliance commented, "We view the Company's near term share price risk / reward profile balancing positive, with potential near term box office weakness (and related execution risk to street consensus) into an exceedingly difficult fiscal Q1'13 growth comparable, somewhat offset by a strong dividend yield (offset by potential upcoming tax considerations), semidefensible industry and opportunity for a special dividend. … Despite positive near term valuation momentum trends, we have reduced our rating based on valuation, we would look more favorably on the Company's risk / reward profile under $14 per share, where shares could find support at the $12 level."

Regal Entertainment Group closed at $14.99 on Wednesday.

Latest Ratings for RGC

DateFirmActionFromTo
Nov 2014Topeka CapitalDowngradesBuyHold
Oct 2014MacquarieMaintainsNeutral
Jul 2014Ascendiant CapitalDowngradesBuyHold

View More Analyst Ratings for RGC
View the Latest Analyst Ratings

Posted-In: National AllianceAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (RGC)

Around the Web, We're Loving...

Get Benzinga's Newsletters