AMC Entertainment Is 38% Undervalued, Analyst Says
Although the market didn't like AMC Entertainment Holdings' (NYSE: AMC) plan to dilute existing shareholders by issuing 500 million shares of new stock to pad its savings account, at least one analyst on Wall Street apparently isn't concerned.
B. Riley Securities analyst Eric Wold upgraded the movie theater operator from neutral to buy and nearly doubled his price target on the stock to $13 per share from $7 per share. That implies he sees 38% more upside in AMC's stock from its $9.36 per share closing on Friday.
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Source Fool.com
