Janney Capital Upgrades Regal Entertainment (RGC) and Cinemark (CNK) to Buy

November 12, 2013 6:52 AM EST
Get Alerts RGC Hot Sheet
Price: $21.90 +0.78%

Rating Summary:
    7 Buy, 17 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Janney Capital upgraded Regal Entertainment (NYSE: RGC) and Cinemark Holdings Inc. (NYSE: CNK) from Neutral to Buy with price targets of $26 (from $21) and $46 (from $37), respectively.

Analyst Tony Wible see opportunities around the longer term visibility into the 2015 slate, M&A opportunities, and new initiatives. Furthermore, they believe the yields are attractive in the low rate environment and favor exposure to movies over TV given some of the risks in that ecosystem.

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 $18.47 yesterday.

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