Wedbush Maintains Neutral on AMC Enter Hldgs, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Alicia Reese maintains a Neutral rating on AMC Entertainment Holdings (NYSE:AMC) and lowers the price target from $4 to $3.5.
May 09, 2024 | 12:17 pm
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Wedbush analyst Alicia Reese maintains a Neutral rating on AMC Entertainment Holdings and lowers the price target from $4 to $3.5.
The reduction in price target by Wedbush reflects a negative outlook on AMC's stock price in the short term. A lower price target, especially when issued by a reputable analyst, can lead to decreased investor confidence and a potential decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100