B. Riley lowered the firm’s price target on Cinemark to $14 from $15 and keeps a Neutral rating on the shares. The company reported Q4 results that came in ahead of expectations on strong moviegoer monetization trends in both the U.S. and Latin America, the analyst tells investors in a research note. However, the firm is taking a more conservative stance with its Cinemark and industry projections and lowered 2024 and 2025 estimates.
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