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Fly News Breaks for January 24, 2018
CNK
Jan 24, 2018 | 09:26 EDT
MKM Partners analyst Eric Handler lowered his price target on Cinemark to $44 on lower than expected domestic box office sales growth in Q4. Handler keeps his Buy rating however, stating there are still multiple lever remaining in place for 2018 amid an improved box office line-up, increased capital returns from U.S. tax reform, accelerated screen growth, and higher potential for M&A activity.
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