Stifel Upgrades Cinemark Holdings (CNK) to Buy

Stifel upgraded Cinemark Holdings (NYSE: CNK) from Hold to Buy with a price target of $42, citing better-than-expected Latin America results.

Benjamin Mogil said, "This move comes as the Latin American operations have fared better in weak economic times that we imagined, setting these operations up for a strong 2015 given the slate. We see Cinemark as more attractive than previously estimated on both a growth and valuation perspective and note that with Cinemark materially under-levered and with a low payout ratio, there remains the additional catalyst of capital return acceleration."

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 $35.75 yesterday.

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