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Benzinga
Benzinga
Business
AJ Fabino

Is AMC Stock Overvalued? Blame Retail Investors, Analyst Says

AMC Alicia Reese NYSE Ape AMC Entertainment AMC Entertainment Holdings Inc Wedbush Adam Aron Entertainment

Wedbush analyst Alicia Reese maintains AMC Entertainment Holdings Inc. (NYSE:AMC) with an Underperform rating and lowered the movie theater chain's price target from $4 to $2.

Shares of the Leawood, Kansas-based company are significantly overvalued, “as long as the retail shareholders are involved," Reese told Yahoo Finance. "[I’m not sure] that it will go back to its fundamental value.

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