Morgan Stanley Maintains Overweight on Cinemark Hldgs, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne maintains an Overweight rating on Cinemark Holdings (NYSE:CNK) and raises the price target from $29 to $35.
October 11, 2024 | 12:40 pm
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Morgan Stanley has increased its price target for Cinemark Holdings from $29 to $35 while maintaining an Overweight rating, indicating a positive outlook for the stock.
The increase in price target from $29 to $35 by Morgan Stanley suggests a positive outlook for Cinemark Holdings. The Overweight rating indicates that the analyst expects the stock to outperform its peers. This is likely to have a positive impact on the stock price in the short term as investors may view this as a strong endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100