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AMC Entertainment (AMC), Cinemark (CNK) Gain Following Report Amazon Plans to Invest $1 Billion a Year in Movies for Cinemas

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AMC stock is 'overvalued' and could crash 85% says Citi after cutting price target

November 25, 2022 9:30 AM EST

Shares of AMC Entertainment (NYSE: AMC) are vastly overvalued, according to Citi analyst Jason Bazinet.

The analyst reiterated a Sell rating and cut the price target to $1.10 per share to reflect updated estimates. Bazinet sees an 85% downside risk for the Sell-rated AMC stock based on the updated... More