Marcus initiated with an Outperform at Wedbush

Wedbush initiated coverage of Marcus (MCS) with an Outperform rating and $24 price target The firm sees the company benefiting from a more consistent theatrical release slate over the next several quarters. Marcus is positioned to to raise its dividend back toward pre-pandemic rates and repurchase shares, the analyst tells investors in a research note. Wedbush adds that Marcus has room to monetize surplus real estate as it owns most of its properties. It has a positive bias on the shares.