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Cinemark Analyst Turns Bullish On Box Office Strength, Potential Dividend Comeback: ‘Should Prosper Over The Next 2.5 Years’

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Movie theater company Cinemark Holdings Inc (NYSE:CNK) gets upgraded by an analyst as several box office releases are showing strength for the movie industry in recent weeks.

The Cinemark Analyst: Roth MKM analyst Eric Handler upgrades the rating on Cinemark from Neutral to Buy and raises the price target from $19 to $26.

Related Link: ‘Inside Out 2,’ ‘Moana 2,’ ‘Deadpool & Wolverine’: Can These 3 Movies Bring Back Disney’s Box Office Billions?

The Analyst Takeaways: Cinemark has several headwinds turning to “very attractive tailwinds,” Handler says in the new investor note.

“Cinemark should prosper over the next 2.5 years,” Handler said.

The analyst said Cinemark’s strength can be shown with box office improvement, debt reduction plans, and a reintroduction of capital returns.

Handler calls Cinemark’s valuation attractive, with the company trading at under 6x estimated 2025 EBITDA and a 10% free …

Full story available on Benzinga.com

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