Roth MKM lowered the firm’s price target on AMC Entertainment to $4 from $5 and keeps a Sell rating on the shares. AMC is facing the prospects of burning more cash for the next 9-12 months on the prospects for a down box office year in 2024, and the firm remains cautious on the stock due to its capital structure, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on AMC:
- AMC Entertainment price target lowered to $5 from $8 at Macquarie
- Reddit Gears Up for an IPO in March
- Meme Coin Resurgence: Polkadot Community Prepares for DED Airdrop
- AMC Entertainment call volume above normal and directionally bullish
- AMC Entertainment price target lowered to $12 from $15 at B. Riley