Why AMC Entertainment Is Jumping 6% Higher
Shares of AMC Entertainment Holdings (NYSE: AMC) were jumping 6% higher in midday trading Tuesday after Citi analyst Jason Bazinet raised his price target on the movie theater chain to $3.70 per share while also maintaining his sell rating on the stock.
Investors continue to ignore what the monied class says about AMC primarily because it is mostly just bearish predictions of a collapse. They may not be wrong, but a lot of the negative views are based on a snapshot in time and dismiss the return of movies and moviegoers to the theaters.
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Source Fool.com
