UPDATE: JPMorgan Starts Marcus Corp. (MCS) at Neutral

November 24, 2021 3:46 AM EST
Get Alerts MCS Hot Sheet
Price: $18.12 --0%

Rating Summary:
    4 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 19 | Down: 15 | New: 41
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(Updated - November 24, 2021 4:07 AM EST)

JPMorgan analyst Alexia S. Quadrani initiates coverage on Marcus Corp. (NYSE: MCS) with a Neutral rating and a price target of $25.00.

The analyst comments "We are initiating coverage of Marcus (MCS) with a Neutral rating and a December 2022 price target of $25. As an operator of theatres and hotels, Marcus was hard-hit by the pandemic but has demonstrated encouraging progress toward a recovery in 2021. However, with the majority of revenue and profits coming from the company’s Theatre operations, Marcus’s longer-term recovery hinges on the film slate and the viability of exhibition. While we have confidence in the continued survival of the theatrical experience, we do have some concerns on the extent of the box office recovery due to both a shortened window and a potentially more limited supply of theatrical films. Therefore, we look for more visibility in the film slate and box office to gain conviction on our estimates, before reviewing our rating."

For an analyst ratings summary and ratings history on Marcus Corp. click here. For more ratings news on Marcus Corp. click here.

Shares of Marcus Corp. closed at $19.17 yesterday.

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