Fly News Breaks for February 24, 2020
Feb 24, 2020 | 08:24 EDT
Loop Capital analyst Alan Gould lowered his price target on Cinemark to $38 after its Q4 earnings miss reflected the challenging box office environment. The analyst also lowers his FY20 industry box office assumption to $10.5B from $11.4B but keeps his Buy rating on the stock, with shares trading at 6.4-times forward expected EBITDA - close to the low end of its historical range of 5.6- to 9.5-times.
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