Shares of Cinemark Holdings Inc. CNK climbed 1.6% toward a 2 1/2-month high in afternoon trading Thursday, after the Texas-based movie theater chain was upgraded at Credit Suisse a day before it reports fourth-quarter results. Analyst Douglas Mitchelson raised his rating on the stock to neutral, to back away from his previous bearish stance, and boosted his price target by 33%, to $12 from $9. “With 4Q22’s soft U.S.
“With 4Q22’s soft U.S. Box Office effectively in the rear-view mirror, we update our film-by-film tracking for 2023 and find [Wall] Street expectations for Cinemark are now reasonable, at least for 1H23,” Mitchelson wrote in a note to clients.
$TSLA $240+ this week
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: