B. Riley raised the firm’s price target on Cinemark to $16 from $14 and keeps a Neutral rating on the shares. Noting that both the domestic and LatAm circuits exceeded the firm’s expectations in Q1, even with forex headwinds in play, the firm says it is “increasingly optimistic” about Cinemark being able to maintain elevated share gains and per-patron spending.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNK: