Dade Hayes Finance EditorTenet , the movie expected to kick off Hollywood’s long-deferred summer, has a “low likelihood” of being released in August, according to a veteran exhibition analyst.Additional delays of the movie re-start will put further strain on theater circuits’ balance sheets and put 2020 box office on a path toward 70% decline from 2019 levels, Eric Handler of MKM Partners predicts.Handler lowered his outlook on several exhibition stocks in a note to clients Monday, trimming his 12-month price targets for the stocks of AMC, Cinemark, Imax Corp.
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