AMC Seen As Leading Theater Amid Summer Movie Duds

AMC Entertainment (AMC), the nation’s largest movie theater operator, is seen as a bright spot in a dark movie theater segment. Hudson Square Research on Monday initiated coverage on the operator of more than 340 movie theaters with 4,950 movie screens, at a buy rating and 29.50 price target. On Friday, MKM Partners also launched coverage. It rated AMC a buy with a 28 price goal. “AMC is poised to outperform the sector,” B. Riley analyst Eric Wold

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