AMC Theatres Analyst "Increasingly Confident" Exhibitor Can Avoid Bankruptcy
hollywoodreporter.comB. Riley FBR analyst Eric Wold, who previously predicted that cinema giant AMC Theatres would have to file for Chapter 11 bankruptcy by the summer due to the impact of the coronavirus pandemic, onMonday upgraded his rating on the company's stock from "sell" to "neutral," saying he was "increasingly confident the company can avoid bankruptcy during the shutdown." He also boosted his price target from 25 cents to $4, writing: "After speaking with management over the weekend, we came away increasingly positive about both the ongoing rent flexibility discussions with landlords and management's using the shutdown period as an opportunity to evaluate historical spending levels in order to drive a more efficient model going forward — in an effort.
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