Wells Fargo lowered the firm’s price target on Cinemark to $16 from $18 and keeps an Equal Weight rating on the shares. The firm’s Q3 AEBITDA also moves from $142M to $182M on higher BO. For Q4, AEBITDA goes down -27% to $78M, while Well’s 2024 EBITDA estimates also moves down by -5% on a lower BO outlook due to potential from production delays.
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