RGC: Record Opening Of Twilight's Eclipse of Midnight Should Herald Box Office Rebound

Analysts at Wunderlich Securities reiterate their "buy" rating on Regal Entertainment Group
RGC

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. The target price for RGC is set to $19. According to Wunderlich Securities, “the box office turns positive again off The Twilight Saga: Eclipse and strong Toy Story 3 legs, with a very strong July queue out to 3-D Cats & Dogs: Revenge of Kitty Galore.” “Performance can be very hit or miss, but the slate should credibly surpass recent misses such as Sex and the City,” the analysts say. “With its recent pullback, Regal now has a 13.5% 2010E FCF yield and a 5.5% dividend yield. WSI's flexible S&P 500 linked valuation approach enables quick assessment of appropriate price targets at varying index levels in a manic market. Furthermore, box office was up in six of the last eight recessions, including 10% in 2009,” the analysts mention.
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RGCRegencell Bioscience Holdings Ltd
$606.00-0.74%

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