As previously reported, Benchmark upgraded AMC Entertainment (AMC) to Buy from Hold with a $2.50 price target Supported by improving box office trends and structurally higher per patron economics, AMC is “transitioning from a liquidity recovery story to an earnings and cash flow recovery story,” the analyst tells investors. Higher attendance and pricing can drive “disproportionate AEBITDA growth,” while management has highlighted that the box office required to reach free cash flow breakeven is materially lower than pre-pandemic levels, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMC:
- Moderately bullish activity in AMC Entertainment with shares up 10.69%
- Polymarket Earnings: Will IONQ, AMC, APP Beat Earnings Tomorrow?
- AMC Entertainment options imply 11.8% move in share price post-earnings
- AMC Entertainment Reduces Debt Through Note-for-Stock Exchange
- Midday Fly By: GameStop offers to buy eBay, Norwegian reports mixed Q1