Cinemark downgraded to Neutral from Buy at B. Riley

B. Riley analyst Eric Wold downgraded Cinemark to Neutral from Buy with a price target of $15, down from $23. The analyst cites the less than 20% share upside to the new price target and headline risk around additional film slate delays and negative year-over-year results comparisons for the downgrade. The firm will look to be more constructive on Cinemark as visibility improves into the slate and a return to industry box office growth over the next 12 months.