Analysts Offer Insights on Services Companies: Cinemark Holdings (CNK) and Universal Music Group (OtherUMGNF)

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Cinemark Holdings (CNKResearch Report) and Universal Music Group (UMGNFResearch Report).

Cinemark Holdings (CNK)

In a report issued on March 4, David Karnovsky from J.P. Morgan maintained a Hold rating on Cinemark Holdings, with a price target of $20.00. The company’s shares closed last Monday at $15.04, close to its 52-week low of $13.37.

According to TipRanks.com, Karnovsky is a 3-star analyst with an average return of 10.9% and a 46.7% success rate. Karnovsky covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Madison Square Garden Sports, and Live Nation Entertainment.

Currently, the analyst consensus on Cinemark Holdings is a Hold with an average price target of $21.37, a 24.8% upside from current levels. In a report issued on February 22, Morgan Stanley also reiterated a Hold rating on the stock with a $22.00 price target.

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Universal Music Group (UMGNF)

J.P. Morgan analyst Daniel Kerven maintained a Buy rating on Universal Music Group on March 4 and set a price target of EUR29.90. The company’s shares closed last Monday at $20.50.

According to TipRanks.com, Kerven is ranked #1498 out of 7777 analysts.

Universal Music Group has an analyst consensus of Moderate Buy, with a price target consensus of $29.19, representing a 42.4% upside. In a report issued on March 3, Jefferies also maintained a Buy rating on the stock with a EUR30.00 price target.

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