AMC Entertainment (AMC) PT Lowered to $2 at Wedbush

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AMC Entertainment's (AMC) APE Preferred Equity Raises Dilution Concerns - Wedbush

August 23, 2022 11:59 AM EDT

Wedbush analyst Alicia Reese cut the firm's price target on AMC Entertainment (NYSE: AMC) shares to $2 from $4 per share on Tuesday, telling investors in a note that quality movies are drawing crowds back to theaters regularly, but the volume of content has not yet returned to pre-pandemic levels.

The analyst, who has an Underperform rating on the stock, cut the price target... More