B. Riley Raises Price Target for AMC Entertainment to $2
B. Riley increased its price target for AMC Entertainment (AMC) to $2 from $1.50, maintaining a Neutral rating. The firm cited a 22% year-over-year increase in industry box office revenue, driven by strong movie releases in March. However, Q2 box office growth is expected to be modest due to weaker comparisons in April and May.
Tickers: $AMC
Topics: AMC Entertainment Analyst Report Box Office Revenue Price Target Stock Performance