Kinepolis 'knows how to weather the storm', KBC ups to 'buy'

Kinepolis NV

02/12/2021 09:05

** KBC Securities upgrades Belgian cinema chain Kinepolis to
"buy" from "hold", citing a "quality COVID-19 recovery play"
    ** The brokerage says it's looking beyond Delta or Omicron
variants of coronavirus knowing that there could be some short
term hick-ups
    ** The group's performance plans should compensate for a
15-20% decline in visitors versus 2019 on EBITDA-level, it adds
    ** "As Kinepolis knows how to weather the storm, we would
see (any) price weaknesses (...) as a buy opportunity," KBC says
    ** All five analysts covering the stock of Kinepolis, which
is up by nearly 37% year-to-date, rate it "strong buy" of "buy"

 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))