B.Riley Downgrades AMC Entertainment (AMC) to Neutral Strictly on Valuation, Remains Positive Out to 2023

(Updated - May 26, 2021 7:07 AM EDT)

B.Riley analyst Eric Wold downgraded AMC Entertainment (NYSE: AMC) from Buy to Neutral with a price target of $16.00 (from $13.00).

The analyst steps aside only because the equity has surpassed his price target. The analyst remains confidence on Box Office recovery into 2022 and 2023. Wold also see AMC continuing to possess the opportunity to gain market share.

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 $16.41 yesterday.

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