Option Millionaires

[jimmybob]

AMC Entertainment price target raised to $7.50 from $6.50 at Wedbush
Wedbush analyst Michael Pachter raised the firm's price target on AMC Entertainment to $7.50 from $6.50 and keeps a Neutral rating on the shares. Pachter is increasingly optimistic about the exhibition industry as entering a post-pandemic environment, and early signs of pent-up demand bode well for the upcoming summer and holiday periods, the analyst tells investors in a research note. At the same time, Pachter expects significant volatility in shares of AMC to continue, driven by trading momentum unrelated to AMC's fundamentals and does not recommend buying shares here