EPR has upside if AMC were to be sold, says Raymond James

Raymond James analyst Richard Milligan notes that AMC Entertainment (AMC) shares are higher today, which is being attributed to speculation that Amazon (AMZN) could explore a potential takeout of the movie theater operator. Given that AMC is currently EPR Properties’ (EPR) second largest tenant, "obviously" it would be "a big windfall" for EPR if AMC were to be acquired. The firm believes the market is currently giving EPR little value for its entire theater portfolio and it sees "meaningful upside" from current levels if "Amazon were to dive into the theater business with a purchase of AMC (either now or when AMC has burned through more cash/is more distressed)." Raymond James has a Strong Buy rating on EPR Properties shares.