Wedbush Analyst Keeps Buy Rating on AMC Entertainment with $4.50 Price Target

Wedbush analyst Alicia Reese maintains a Buy rating on AMC Entertainment with a price target of $4.50. AMC's shares opened at $2.99. Reese is a 5-star analyst with a 15.7% average return and 62.24% success rate. The company reported a quarterly revenue of $862.5 million and a GAAP net loss of $202.1 million.

Title: Wedbush Analyst Alicia Reese Maintains Buy Rating on AMC Entertainment

Wedbush Securities analyst Alicia Reese has maintained a Buy rating on AMC Entertainment Holdings, Inc. (NASDAQ: AMC) with a price target of $4.50, according to recent reports [1]. The shares of AMC opened at $2.99 on the day the recommendation was made. Reese, a highly regarded analyst, is known for her 5-star rating and a 15.7% average return with a 62.24% success rate [1].

AMC Entertainment, a prominent player in the movie theater industry, reported a quarterly revenue of $862.5 million and a GAAP net loss of $202.1 million in its latest earnings report. The company has been working to adapt to the changing landscape of the entertainment industry, particularly in the wake of the COVID-19 pandemic.

Reese's rating reflects a positive outlook on the company's future prospects, suggesting that she believes AMC has the potential to rebound and meet the price target of $4.50. However, investors should be aware that the stock market is volatile and subject to various external factors that could impact the performance of AMC and other companies.

References:
[1] https://www.marketbeat.com/ratings/by-issuer/wedbush-stock-recommendations/