Credit Suisse Assumes AMC Entertainment (AMC) at Outperform

Credit Suisse assumes coverage on AMC Entertainment (NYSE: AMC) with a Outperform rating and a price target of $32.00 (from $25.00).

Analyst A. Nemoto commented, "We assume coverage of AMC, maintaining our Outperform rating and raising our TP to $32 from $25. We raise our 2016 adj. EPS forecast to $1.43 from $1.15 and forecast 2017 adj. EPS of $1.65. We view the premium offering trend as positive, driving an increase in admissions and concessions revenue for the sector, with AMC leading the way on rollout penetration targets."

For an analyst ratings summary and ratings history on AMC Entertainment click here. For more ratings news on AMC Entertainment click here.

Shares of AMC Entertainment closed at $21.61 yesterday.

You May Also Be Interested In

• Morgan Stanley Upgrades Macquarie Group Ltd. (MQG:AU) (MQBKY) to Overweight
• Blue Owl Capital (OWL) PT Raised to $21 at Citi
• Oppenheimer Starts Sprout Social Inc. (SPT) at Outperform, 'Owning the Category's Socialite'