Cinemark price target lowered to $36 from $40 at Barrington

Barrington lowered the firm’s price target on Cinemark (CNK) to $36 from $40 and keeps an Outperform rating on the shares following the Q4 report. Management noted that despite a relatively lighter Q1 slate, the industry film slate should see an increase in the volume of wide releases to hit theatres in 2025, the analyst tells investors in a research note. the firm says that with the return of the dividend payments, Cinemark now provides a 1.1% yield, which it expects will grow meaningfully if the box office continues to improve.