B. Riley Securities Downgrades Cinemark Hldgs to Neutral, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Eric Wold downgraded Cinemark Holdings (CNK) from Buy to Neutral and reduced the price target from $23 to $15.
January 02, 2024 | 1:41 pm
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NEGATIVE IMPACT
Cinemark Holdings was downgraded by B. Riley Securities from Buy to Neutral with a price target decrease from $23 to $15.
Downgrades by analysts, especially with a significant reduction in price target, typically lead to a negative short-term impact on the stock price as market sentiment adjusts to the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100