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AMC Entertainment Upgraded From Sell To Neutral By Exhibition Analyst: “Bankruptcy Risk Appears To Have Subsided”

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By Dade Hayes Finance Editor Shares of top exhibition circuit AMC Entertainment were upgraded by MKM Partners analyst Eric Handler from “sell” to “neutral” due to its progress in recovering from the devastating impact of COVID-19.

Handler also raised his price target for the stock to $5 from $1. AMC shares gained 4% in early trading Wednesday to about $5.32.

Shares in Cinemark, the No. 3 U.S. exhibitor, were up 8% and Regal Cinemas owner Cineworld also popped 8% in London. The return of

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