Nomura Securities Reiterates a 'Neutral' on Regal Entertainment (RGC); Remain Cautious on 2013 Outlook

June 20, 2012 8:08 AM EDT Send to a Friend
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Price: $23.00 --0%

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Nomura Securities reiterates a 'Neutral' on Regal Entertainment (NYSE: RGC) price target of $15.50.

Analyst, Robert Fishman, said, "We continue to estimate Regal will report 2Q EPS of $0.20, $0.06 below consensus. We are raising our revenue growth slightly for the quarter to -3% (vs. -3.8% previously) while lowering EBITDA growth by 150bps to -14% Y/Y. Our 2012 and 2013 EPS estimate remains unchanged at $0.90 and $0.82, respectively."

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 $13.32 yesterday.


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