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Benchmark Initiates AMC Entertainment At Buy, References Magic Mike: 'You Don't Wanna Know What I Have To Do For Twenties...'

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"Oh, you don't wanna know what I have to do for twenties..." -- Magic Mike.

According to AMC Entertainment Holdings Inc (NYSE: AMC) analyst Mike Hickey, of Benchmark, that's the most effective way to begin a bullish note. Investors, so far, agree.

Shares of the entertainment giant are up nearly 2 percent on Thursday morning after Hickey started the stock with a Buy rating and a $34.81 price target.

That implies a 13 percent upside opportunity. "The Company owned, operated or had interests in 347 theatres and 4,972 screens, as of fiscal Q1'15 period end," Hickey wrote.

B. Riley also upgraded AMC to a Buy on June 18, and maintains a slightly higher price target of $35 on shares.

Latest Ratings for AMC

DateFirmActionFromTo
Mar 2017Credit SuisseDowngradesNeutralUnderperform
Feb 2017Credit SuisseDowngradesOutperformNeutral
Jan 2017FBR CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for AMC
View the Latest Analyst Ratings

Posted-In: Benchmark Mike HickeyAnalyst Color Long Ideas Initiation Analyst Ratings Trading Ideas

 

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