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Fly News Breaks for October 31, 2016
CNK
Oct 31, 2016 | 05:57 EDT
Goldman Sachs analyst Drew Borst upgraded Cinemark Holdings to Conviction Buy from Neutral saying higher global concessions should drive upside to consensus estimates. The 2017 film slate "appears promising" while the company's recliner rollout should drive outsized growth, Borst tells investors in a research note. He raised his price target for Cinemark shares to $48 from $42.
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