AMC Entertainment price target raised to $2.60 from $2.30 at Citi

Citi analyst Jason Bazinet raised the firm’s price target on AMC Entertainment (AMC) to $2.60 from $2.30 and keeps a Sell rating on the shares. The firm unwound the downward revisions it made to its advertising forecasts earlier this year related to tariff risks. The media group will see significant acquisitions over the next few years, the analyst tells investors in a research note.