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UPDATE: Barrington Research Upgrades National CineMedia to Outperform on Ad Demand Outlook

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Barrington Research raised its rating on National CineMedia (NASDAQ: NCMI) from Market Perform to Outperform with a $17 price target.

Barrington Research commented, "While near-term results are expected to show some elements of weakness, we expect that over time management's challenges will shift to managing ad demand in a way that will create an environment in which CPMs on national ad spots can move higher. We view this as a story that continues to evolve, and should provide substantial opportunity given the core value proposition of targeting a demographically attractive captive audience at a time in which the advertising driven content is unavoidable and typically embraced as preferable to a blank screen. The yield is now an even more attractive 6.7%, following the recent pullback in the stock."

National CineMedia closed at $13.14 on Thursday.

Latest Ratings for NCMI

DateFirmActionFromTo
Mar 2017Credit SuisseUpgradesUnderperformNeutral
Feb 2017Credit SuisseDowngradesOutperformUnderperform
Jul 2016Stifel NicolausDowngradesBuyHold

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Posted-In: Barrington ResearchAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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