AMC Entertainment Could Go "Sharply Higher" as Analyst Hikes Price Target to $16
After a secondary stock offering netted AMC Entertainment Holdings (NYSE: AMC) some $428 million, one analyst thinks the theater operator's finances are increasingly solidifying and that could send its stock "sharply higher."
A confluence of events caused B. Riley analyst Eric Wold to raise his price target on AMC to $16 from $13 and reiterate his buy rating on the stock.
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Source Fool.com
