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Fly News Breaks for February 12, 2020
CNK
Feb 12, 2020 | 09:15 EDT
MKM Partners analyst Eric Handler lowered his price target on Cinemark to $36 given its "challenging" 2020 box office outlook. The analyst maintains his Buy rating on the stock however, with a positive view of its Latin American presence, a declining capital expenditure outlook, and a "pristine" balance sheet that should allow the management to raise its dividend for the 5th consecutive year.
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