Goldman Sachs Maintains Sell on Cinemark Hldgs, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mike Burton has maintained a Sell rating on Cinemark Holdings (NYSE:CNK) and reduced the price target from $16 to $12.
January 11, 2024 | 1:10 pm
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NEGATIVE IMPACT
Goldman Sachs reaffirms Sell rating on Cinemark Holdings and cuts price target to $12, indicating a bearish outlook.
The reduction in price target by a major financial institution like Goldman Sachs suggests a negative outlook on the company's stock performance in the short term. This could lead to a decrease in investor confidence and potentially lower stock prices.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100