Wedbush bullish on AMC and Cinemark as industry recovers, movie releases stabilize

6 hours ago 2
Movies and popcorn. Pop corn at cinema. Family film night concept. Action or romantic comedy entertainment on screen. Dark theater with red seats. Salty snack in bucket or box.

Tero Vesalainen

Wedbush upgraded movie theater operators AMC Entertainment (NYSE:AMC) and Cinemark (NYSE:CNK) to "outperform" from a previous investment rating of "neutral," as both companies stand to benefit from a more "consistent release slate over the next several quarters."

AMC shares are up

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