Citigroup Maintains Sell on AMC Enter Hldgs, Raises Price Target to $3.2
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has maintained a Sell rating on AMC Entertainment Holdings (NYSE:AMC) while raising the price target from $3.1 to $3.2.
May 14, 2024 | 3:30 pm
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Citigroup maintains a Sell rating on AMC Entertainment Holdings but increases the price target slightly from $3.1 to $3.2.
The adjustment in price target by Citigroup, despite maintaining a Sell rating, suggests a minor positive reassessment of AMC's valuation. However, the Sell rating indicates ongoing concerns about the company's prospects. This mixed signal is likely to have a neutral short-term impact on AMC's stock price, as the slight increase in the price target may be offset by the reaffirmation of the Sell rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100