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Fly News Breaks for January 10, 2018
CNK
Jan 10, 2018 | 07:45 EDT
As reported earlier, RBC Capital analyst Leo Kulp upgraded Cinemark to Outperfrom from Sector Perform while keeping his price target at $40. Kulp says the company's "strong relative performance" against the backdrop of a tepid 2018 box office outlook offers some defensiveness and potential upside if box office sales outperform. The analyst adds that the company could enact a "meaningful dividend increase" from the cash generated by lower tax rates.
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