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Fly News Breaks for June 27, 2019
AMC
Jun 27, 2019 | 08:59 EDT
Barrington analyst James Goss says the incorporation of lease accounting into theatrical valuations is adding to pressure on shares of AMC Entertainment. While changes in accounting treatments "do not create a new reality, it can sometimes spotlight and/or highlight specific challenges," Goss tells investors in a research note. Further, despite the disappointment of some recent releases, the total domestic box office in Q2 will be the second highest quarterly box office of all time, adds the analyst. He feels box office concerns are overstated and that the valuation of AMC Entertainment is "particularly attractive" at current levels. Goss keeps an Outperform rating on AMC with a $16 price target.
News For AMC From the Last 2 Days
AMC
Apr 17, 2024 | 09:41 EDT
Unusual total active option classes on open include: Steel Dynamics (STLD), Gildan Activewear (GIL), Danaher (DHR), Altimeter Growth (GRAB), Childrens Place (PLCE), ASML (ASML), US Bancorp (USB), iShares Barclays 7 to 10 Year Treasury Bond Fund (IEF), AMC Entertainment (AMC), and Abbott (ABT).