As previously reported, Wedbush upgraded Cinemark (CNK) to Outperform from Neutral with a price target of $37, up from $32. The firm believes the company is poised to benefit from a more consistent release slate over the next several quarters, approaches its convertible debt repayment date next month, stays ahead of competitors with theater investments, and returns cash to shareholders in 2025 with a dividend and likely with shares repurchases.
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