Benchmark raised the firm’s price target on National CineMedia to $5 from $4 and keeps a Speculative Buy rating on the shares. The U.S. cinema industry is rebounding, with box office revenue up 19% year-over-year, and the company is “quickly closing the multiple discount gap with its peer group,” notes the firm, which sees “increasing confidence in NCMI‘s recovery story.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NCMI:
- National CineMedia participates in a conference call with Benchmark
- National CineMedia upgraded to Speculative Buy from Hold at Benchmark
- National CineMedia completes restructuring, emerges from Chapter 11
- NCMI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- National CineMedia effects 1-for-10 reverse stock split
