B. Riley analyst Eric Wold lowered the firm’s price target on Cinemark to $16 from $17 and keeps a Buy rating on the shares. The company’s Q3 results exceeded expectations as the U.S. circuit meaningfully outperformed the industry in a quarter where the film slate hit a soft patch, Wold tells investors in a research note. However, the analyst remains cautious on the pace of recovery in Latin America and film slate gains until visibility improves.
Published first on TheFly
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