B. Riley Increases AMC Target Price to $2 Amid Stronger Box Office Performance
B. Riley raised its price target for AMC Entertainment Holdings (NYSE:AMC) to $2 from $1.50, citing stronger-than-expected box office trends. The firm noted a 22% year-over-year increase in industry box office revenue, driven by March releases like 'Project Hail Mary' and 'Scream 7.' AMC also reported record attendance during the Easter holiday weekend, fueled by the debut of 'The Super Mario Galaxy Movie.'
Tickers: $AMC
Topics: AMC Entertainment Analyst Upgrade Box Office Trends Movie Industry Performance Stock Price Target