Cinemark price target lowered to $35 from $36 at Roth Capital

Roth Capital lowered the firm’s price target on Cinemark (CNK) to $35 from $36 and keeps a Buy rating on the shares. The company is still in the early stages of what should be an over 2-year positive content cycle, which in turn should fuel margin expansion, higher free cash flows, and capital returns, the analyst tells investors in a research note.