Macquarie lowered the firm’s price target on AMC Entertainment to $9. from $10 and keeps an Underperform rating on the shares. The company’s Q3 earnings beat and actors strike resolution provide some optimism, but the near term question around high leverage with interest payments over $300M and deferred rent of about $100M remain, even though AMC has done a admirable job avoiding a worst-case scenario and chipping away at its obligations, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AMC: