These Analysts Boost Their Forecasts On AMC Entertainment Following Upbeat Q2 Results
AMC reported better-than-expected Q2 results with adjusted EPS of 14 cents, revenue up 14.2%, and plans to expand PLF and XLF. Analysts raised price targets, but stock fell 6.9%.
AMC did better than people thought it would in Q2—making more money and growing faster—so expert watchers raised their predictions about the company. When experts get more hopeful, it usually means they think the company is heading in a better direction, even if the stock price wiggles around.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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