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Fly News Breaks for August 10, 2016
CNK
Aug 10, 2016 | 08:53 EDT
As previously reported, Drexel Hamilton downgraded Cinemark to Hold from Buy and maintained its $42 price target. Analyt Tony Wible said valuation does not provide enough upside to compensate for risk tied to weakening international attendance per screen, a slowdown in screen growth, and higher operating costs that lead him to reduce estimates.