Cinemark price target raised to $24 from $23 at B. Riley

B. Riley raised the firm’s price target on Cinemark to $24 from $23 and keeps a Buy rating on the shares. The company’s Q2 results came in well above expectations on “impressive performance” for both the domestic and Latin American circuits, the analyst tells investors in a research note. The firm says Cinemark has continued to significantly outperform the industry box office recovery and push per capita spending higher on various strategic initiatives.