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Fly News Breaks for December 7, 2015
AMC
Dec 7, 2015 | 06:02 EDT
B. Riley analyst Eric Wold recommends using the 13% pullback in shares of AMC Entertainment since the start of earnings season as a buying opportunity. Investor concerns over industry trends have impacted AMC more than others given its small public float, Wold tells investors in a research note. The company's theater-level cash flow trends have been well above the group average and its positioned to outperform peers during Q4 and Q1 due to Star Wars 7, the analyst contends. He reiterates a Buy rating on AMC with a $37 price target.
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