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Fly News Breaks for February 4, 2016
CNK
Feb 4, 2016 | 16:27 EDT
Credit Suisse analyst Anthony Nemoto assumed coverage on Cinemark and downgraded shares to Neutral from Outperform and lowered his price target to $33 from $37. The analyst said Cinemark's 30% top line exposure to Latin America is a significant headwind near-term, offsetting any positive attendance or pricing trends in the region.
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