AMC Entertainment rises after Wedbush upgrades rating to 'outperform'

AMC Entertainment Holdings

11/07/2025 13:05

** Shares of theater chain AMC Entertainment Holdings AMC.N rise 7.3% to $3.22 premarket

** Wedbush upgrades stock to "outperform" from "neutral", hikes PT to $4 from $3

** New PT implies an upside of 33.3% to stock's last close

** Wedbush expects co to benefit from a more consistent release slate over the next several quarters as box office stabilizes

** "AMC is positioned to gain market share in 2025 and 2026 as it focuses on its premium theaters and plans of expansion in UK and Europe" - Wedbush

** Brokerage says co is relieved of major headwinds from near-term uncertainty after it repaid or postponed all debt due in 2026

** Seven brokerages rate the stock "hold" and one "strong sell"; median PT is $3 - data compiled by LSEG

** As of Thursday's close, stock was down 24.62% YTD

(Reporting by Ankita Yadav in Bengaluru)

((Ankita.Yadav@thomsonreuters.com;))