Cinemark price target raised to $15 from $13 at B. Riley

B. Riley analyst Eric Wold raised the firm’s price target on Cinemark to $15 from $13 and keeps a Buy rating on the shares. The company’s Q4 results exceeded expectations as continued strength in domestic moviegoer monetization coupled with a better than estimated attendance recovery in Latin America offset continued inflationary pressures on operating costs, the analyst tells investors in a research note. The firm remains confident in its domestic industry box office recovery projection.