AMC Entertainment price target lowered to $10 from $11 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on AMC Entertainment to $10 from $11 and keeps an Underweight rating on the shares. The firm continues to see more downside than upside risks to AMC Entertainment shares, given its exposure to linear pressures and sub-scale challenges, the analyst tells investors in a research note. The firm expects another year of double-digit EBITDA declines in 2025.