Cinemark (CNK) Sees Upgrade, Movie Theaters Aren't Dead

Morgan Stanley has upgraded Cinemark (CNK) to overweight and announces a $22 price target. Jenny Horne and Caroline Woods discuss CNK as it is up 12% YTD. They talk about how the box office has been seeing big movie releases recently like Minions, Top Gun, and Thor: Love and Thunder. They then go over how there is not quite the same amount of strength in AMC (AMC), but the stock is still up month to date. Tune in to find out more.

Next Gen Investing

19 Jul 2022

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