What's Going On With AMC Entertainment Stock?
Portfolio Pulse from Adam Eckert
Wedbush analyst Alicia Reese lowered the price target for AMC Entertainment Holdings Inc (NYSE:AMC) from $6 to $4 while maintaining a Neutral rating. Despite this, Reese raised first-quarter revenue estimates for AMC due to better box office trends and potential for market share expansion. AMC's heavy debt load and future share issuance plans are concerns. AMC shares are trading lower, down 1.5% at $2.93.
April 18, 2024 | 4:39 pm
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AMC's price target was reduced from $6 to $4 by Wedbush, despite improved revenue forecasts and market share expansion potential. The stock's heavy debt and plans for more share issuance are concerns.
The reduction in AMC's price target by Wedbush, despite a raised revenue forecast, indicates concerns over its debt load and potential dilution from future share issuances. These factors are likely to pressure the stock price in the short term, as reflected in the current trading decrease.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100