AMC Entertainment (AMC) Tops Q2 EPS by 38c, Revenue Inline

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Macquarie Reiterates Underperform Rating on AMC Entertainment (AMC)

August 6, 2024 9:59 AM EDT

Macquarie analyst Chad Beynon reiterated an Underperform rating and $4.00 price target on AMC Entertainment (NYSE: AMC)

The analyst comments " Given the recent equity raise, high interest (>$300m), and deferred rent (~$50m), we reiterate Underperform, although we think valuation is starting to look more... More