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Forget the AMC Entertainment Rally; This Analyst Says Its Stock Is Only Worth $1

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Forget the AMC Entertainment Rally; This Analyst Says Its Stock Is Only Worth $1

AMC Entertainment Holdings (NYSE: AMC) is having nearly as good a run as GameStop (NYSE: GME), with shares of the movie theater operator up 277% last week (compared to a 325% gain for GameStop). But one analyst says it's all going to end badly because AMC isn't worth more than $1 a share.

MKM Partners analyst Eric Handler downgraded its stock to sell from neutral today and set a price target of just a buck per share, some 92% lower than where it closed last Friday. However, the stock was up 6% as of 10:45 a.m. EST today.

Image source: Getty Images.

Source Fool.com

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