Shares of Cinemark Holdings Inc. climbed 1.6% toward a 2 1/2-month high in afternoon trading Thursday, after the Texas-based movie theater chain was upgraded...
Shares of Cinemark Holdings Inc. CNK climbed 1.6% toward a 2 1/2-month high in afternoon trading Thursday, after the Texas-based movie theater chain was upgraded at Credit Suisse a day before it reports fourth-quarter results. Analyst Douglas Mitchelson raised his rating on the stock to neutral, to back away from his previous bearish stance, and boosted his price target by 33%, to $12 from $9. “With 4Q22’s soft U.S.
“With 4Q22’s soft U.S. Box Office effectively in the rear-view mirror, we update our film-by-film tracking for 2023 and find [Wall] Street expectations for Cinemark are now reasonable, at least for 1H23,” Mitchelson wrote in a note to clients.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Finma examining Credit Suisse boss's comments on client outflows: ReutersCredit Suisse's chairman faces probe over comments that potentially misled investors about client fund outflows, report says
Read more »
EUR/USD likely to move into a ~1.05-1.10 range for now – Credit SuisseEUR/USD has extended its setback. Economists at Credit Suisse expect the pair to trade within a broad 1.05-1-10 range for the time being. Break above
Read more »
USD/JPY to see a sustained break below 127.27 after further short-term strength – Credit SuisseUSD/JPY extends its consolidation from 127.53/27, but analysts at Credit Suisse look for only a temporary floor. Short-term momentum rising sharply “U
Read more »
Nasdaq 100: Temporary setback as long as holds above key supports at 11912/699 – Credit SuisseNasdaq 100 is correcting lower, but economists at Credit Suisse look for key supports at 11912/699 to hold. Break below 11912/699 would open up furthe
Read more »
S&P 500 Index: Broad and choppy rangebound environment – Credit SuisseS&P 500 is set to find a short-term floor at the key cluster of supports around 3984/26, with the infdex expected to trade in a broad range over the m
Read more »
USD Index to see a lengthier but still temporary recovery phase – Credit SuisseThe US Dollar Index (DXY) may see slightly further near-term strength. Nonetheless, analysts at Credit Suisse maintain their broader rangebound outloo
Read more »