Nomura Securities Starts Cinemark Holdings (CNK) at Buy; 2012 Record Box Office Drives Upside to Estimates

Nomura Securities initiates coverage on Cinemark Holdings (NYSE: CNK) with a Buy. PT $26.00.

Analyst, Robert Fishman, said, "Cinemark is uniquely positioned to capture record 2012 U.S. box office, in our view, while benefiting from the growing importance of international box office. We believe that studios need to keep U.S. theatres healthy enough to generate meaningful revenue from domestic box office, which sets the stage for downstream profits. Furthermore, Cinemark’s Latin American theatres shield against longer-term U.S. secular concerns."

For an analyst ratings summary and ratings history on Cinemark Holdings click here. For more ratings news on Cinemark Holdings click here.

Shares of Cinemark Holdings closed at $22.24 yesterday.

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