Citi analyst Jason Bazinet attributes the 40% pullback in AMC Entertainment shares over the past seven months to a weaker than expected U.S. box office, video-on-demand cannibalization concerns, new capital restrictions imposed by the Chinese government on AMC's parent, Dalian Wanda, leverage fears and the unwinding of the premium ascribed to AMC's international assets. In a research note titled "The Perfect Storm," Bazinet lowered his price target for the shares to $30 from $35 and keeps a Buy rating on the name. The lower box office numbers are transitory while video-on-demand and Wanda capital concerns are overblown. AMC does not rely on Wanda for capital and is 100% self-funded, Bazinet writes.