UPDATE: Barrington Research Upgrades Regal Entertainment Group to Outperform

Barrington Research raised its rating on Regal Entertainment Group RGC from Market Perform to Outperform with an $18 12-month price target. Barrington Research said, "The stock has been volatile but range bound over the past year, at least partly reflecting an inability to generate an increasing trend in its screen count. We have indicated consistently that a turn in this metric would make us much more interested in this name. In addition, management is demonstrating strong execution skills in terms of important elements over which it can exercise control or take full advantage." Regal Entertainment Group closed at $13.65 on Friday.