Morgan Stanley lowered the firm’s price target on Cinemark (CNK) to $34 from $35 and keeps an Overweight rating on the shares. The 2025 box office looks to grow 5% year-over-year, which would be “healthy but below initial expectations,” says the analyst. The firm’s estimates remain “modestly above consensus” in 2026, but it is now taking a more conservative approach, the analyst added.
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