Cinemark Holdings (CNK) PT Raised to $32 at Benchmark

May 10, 2021 7:57 AM EDT
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Price: $17.57 +0.23%

Rating Summary:
    13 Buy, 9 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 6 | New: 46
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Benchmark analyst Mike Hickey raised the price target on Cinemark Holdings (NYSE: CNK) to $32.00 while maintaining a Buy rating.

The analyst commented, "CNK delivered better than expected F1Q21 financial results, revenue and adjusted EBITDA exceeded consensus view as the U.S. domestic cinema recovery continues to emerge. CNK orchestrated multiple studio windowing deals to ensure upcoming film product at compelling relative terms. We anticipate the CNK growth reset will accelerate into FY21, as comparable growth should benefit from enormous film product, decreased regulations, widespread vaccines, and presumed early summer end the pandemic unleashing huge pent-up demand."

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