Credit Suisse Assumes Regal Entertainment (RGC) at Neutral

Credit Suisse assumes coverage on Regal Entertainment (NYSE: RGC) with a Neutral rating and a price target of $19.00 (from $20.09).

Analyst A. Nemoto commented, "We assume coverage of RGC, maintaining a Neutral rating and reducing our TP to $19 from $20.09. We raise our 2016 adj. EPS forecast to $1.10 from $1.09 and our 2017 adj. EPS forecast to $1.26 from $1.12. We believe that RGC's accelerated premium offering-driven growth, while compelling, is largely priced in, and also have limited visibility on other potential growth drivers as compared with peers. We view RGC as trading at a full sector multiple that incorporates its premium dividend yield, and see limited upside at these levels."

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

Shares of Regal Entertainment closed at $17.48 yesterday.

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