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Movie Theaters Need Windows Tweaks To Entice Studio Product, Wall Street Analyst Says; Stocks Fall Amid Estimate Cuts

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Dade Hayes, Jill Goldsmith Movie theater stocks slid further on Friday as Wall Street analysts lowered their outlook due to COVID-19 and AMC’s CEO called on New York Gov.

Andrew Cuomo to open theaters in New York.Shares in AMC, Cinemark, National CineMedia and Reading International all slid between 1% and 3% on a day when stocks overall posted modest gains.

Imax Corp. was unchanged and Marcus Corp. rose a fraction. The major roadblock for theaters is continued closures in New York in LA, with no end in sight.

More bad news came Friday when Canadian authorities said Toronto, a major North American market, is closing its theaters due to an uptick in coronavirus infections.

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