As previously reported, Wedbush upgraded AMC Entertainment (AMC) to Outperform from Neutral with a price target of $4, up from $3. The firm believes AMC is poised to benefit from a more consistent release slate over the next several quarters, is positioned to gain market share in 2025 and 2026 with the most premium screens in North America and expansion plans in U.K./EU, repaid or postponed all debt that was due in 2026, relieving near-term uncertainty, and is completing what Wedbush expects to be a last major issuance for the foreseeable future, putting a significant headwind behind it.
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