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Fly News Breaks for January 2, 2018
CKEC, AMC
Jan 2, 2018 | 09:33 EDT
MKM Partners analyst Eric Handler keeps his Buy rating and $26 price target on AMC Entertainment, saying the company has the highest potential for return within the expected rebound in the Cinema industry this year. Handler notes the company's drivers including Odeon and Carmike reseating initiatives, organic growth from newly opened Nordic theatres, savings from last year's cost-cutting efforts, and the possibility of an IPO for assets in Europe.
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