Topeka Capital Downgrades Regal Entertainment (RGC) to Hold

Topeka Capital downgraded Regal Entertainment (NYSE: RGC) from Buy to Hold with a price target of $24 (unchanged).

Analyst David W. Miller said, "We are downgrading shares of RGC from 'Buy' to 'Hold' because the stock has essentially performed in line with the requirements for our 'Buy' rating - up 20.0% since upgrading this name back on May 15, and closing yesterday only 6.2% shy of our price target of $24. The performance easily eclipses that of the S&P 500, which is up +7.7% in that span of time. Our price target remains unchanged at $24.00."

For an analyst ratings summary and ratings history on Regal Entertainment click here. For more ratings news on Regal Entertainment click here.

Shares of Regal Entertainment closed at $22.60 yesterday.

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