National CineMedia price target raised to $8.50 from $7.50 at B. Riley

B. Riley raised the firm’s price target on National CineMedia to $8.50 from $7.50 and keeps a Buy rating on the shares after meeting with management. The firm came away increasingly confident in the company’s multiple revenue growth drivers over the next few years and the “attractive operating leverage and cash flow conversion that should accompany that revenue growth.”