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Fly News Breaks for July 19, 2019
CNK
Jul 19, 2019 | 06:57 EDT
Credit Suisse analyst Meghan Durkin initiated Cinemark with an Outperform rating and $43 price target, saying she thinks Cinemark is well positioned as a leading theatrical distributor in the U.S. and Latin America, and benefits from an improving film slate and "superior" footprint. Durkin tells investors in a research note that she believes Cinemark should continue to outperform the industry, and views amenities like its expanded Food & Beverage options and its Movie Club subscription program driving continued attendance share gains and revenue per patron in the next few years.
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