JP Morgan Maintains Neutral on Cinemark Hldgs, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst David Karnovsky maintains a Neutral rating on Cinemark Holdings (NYSE:CNK) but raises the price target from $25 to $29.
October 14, 2024 | 2:41 pm
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JP Morgan has maintained a Neutral rating on Cinemark Holdings but increased the price target from $25 to $29, indicating a positive outlook.
The increase in price target from $25 to $29 by JP Morgan suggests a positive outlook for Cinemark Holdings, which could lead to a short-term increase in stock price. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100