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Fly News Breaks for October 24, 2018
CNK
Oct 24, 2018 | 07:28 EDT
MKM Partners analyst Eric Handler raised his price target on Cinemark to $47 and kept his Buy rating, saying the stock is his "top idea" in the exhibition space as its U.S. growth remains solid and Latin America should "strengthen". The analyst notes that the company is making progress with its "improved theatre amenities and services", while "capital expenditures are on a downward trend". Handler further notes that the 2018 box office has outperformed expectations.
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