Carmike Cinemas (CKEC) Shares Sink as Caris Downgrades to Average
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- Notable Analyst Rating Changes 11/10: ADBE, ANN, FRPT, RAX Upgraded; ALU, CPST, PIKE, TRW Downgraded
Shares of Carmike Cinemas (Nasdaq: CKEC) are tumbling this morning on the back of a Caris & Co. downgrade. The firm moved its investment rating on Carmike from Above Average to Average, noting that the stock, rising 750% since the low set in mid-March at $1.00, has now hit Caris's $9 price target.
Carmike shares most recently traded at $8.48, down 7.3% from yesterday's close.
To see all the analyst calls on Carmike Cinemas, visit our Analyst Ratings page.
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