AMC Entertainment price target lowered to $8 from $8.38 at Credit Suisse

Credit Suisse lowered the firm’s price target on AMC Entertainment to $8 from $8.38 and keeps an Underperform rating on the shares, following the combining of its equity share classes and a 1-for-10 split. The firm noted that despite those moves, AMC’s $2B of public equity value is “overwhelmed by its $5B of net debt, including $3B of which comes due in 2026.”