Although AMC Entertainment (AMC) is far from its meme stock heyday, it seems a positive plot twist is unfolding for the movie theater operator.
Wedbush analyst Alicia Reese upgraded the shares of the world’s largest theater chain to “Outperform,” raising the price target to $4 from $3. Reese’s optimism stems from the fact that there is a slew of strong releases over the next several quarters, and AMC, with the “most premium screens in North America,” is expected to be a natural beneficiary.
