Cinemark Analyst Turns Bullish On Box Office Strength, Potential Dividend Comeback: 'Should Prosper Over The Next 2.5 Years'
Portfolio Pulse from Chris Katje
Cinemark Holdings Inc (NYSE:CNK) has been upgraded by Roth MKM analyst Eric Handler from Neutral to Buy, with a price target increase from $19 to $26. The upgrade is based on strong box office performance, debt reduction plans, and potential capital returns, including a possible dividend reinstatement.
June 24, 2024 | 3:30 pm
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Roth MKM analyst Eric Handler upgrades Cinemark from Neutral to Buy, raising the price target from $19 to $26. The upgrade is driven by strong box office performance, debt reduction plans, and potential capital returns, including a possible dividend reinstatement.
The upgrade from Neutral to Buy and the increase in price target from $19 to $26 by Roth MKM analyst Eric Handler is a strong positive signal for Cinemark. The analyst cites several factors including strong box office performance, debt reduction plans, and potential capital returns such as dividend reinstatement. These factors are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100