Benchmark Initiates AMC Entertainment At Buy, References Magic Mike: 'You Don't Wanna Know What I Have To Do For Twenties...'
"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
|Mar 2017||Credit Suisse||Downgrades||Neutral||Underperform|
|Feb 2017||Credit Suisse||Downgrades||Outperform||Neutral|
|Jan 2017||FBR Capital||Downgrades||Outperform||Market Perform|
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