Cinemark Holdings (CNK) PT Lowered to $35 at Benchmark

Benchmark analyst Mike Hickey lowered the price target on Cinemark Holdings (NYSE: CNK) to $35.00 (from $40.00) while maintaining a Buy rating.

The analyst commented, "Cinemark posted solid top-line results in Q4 2024, beating revenue estimates but missing on AEBITDA due to heightened costs for film rentals, labor, and promotional activities. The company’s reinstated dividend underscores management’s confidence in Cinemark’s fundamental strength. Looking ahead, the stronger film slate in 2025, continued premium-format expansion, and disciplined cost optimization strategies suggest Cinemark is well positioned to achieve further gains in per-cap and operating margins. We are buyers on weakness here, as we firmly believe in the company’s ability to drive revenue growth and generate operating leverage and free cash flow. We reiterate our Buy rating, while reducing our price target to $35 and reiterating CNK as a top idea for 2025."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Air T reports revenue jump but widens operating loss in Q1 fiscal 2027
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)