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Fly News Breaks for September 17, 2018
AMC
Sep 17, 2018 | 07:04 EDT
Wedbush analyst Michael Pachter reiterated an Outperform rating and $25 price target on AMC Entertainment, telling investors in a research note that another few quarters of consistent performance should result in multiple expansion so long as AMC remains committed to meaningfully paying down debt. Pachter expects AMC to trade at the high end of its historical 7-8.5x EV/EBITDA multiple range should it demonstrate consistent earnings power.
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