AMC Entertainment upgraded to Neutral from Sell at Roth MKM

Roth MKM analyst Eric Handler upgraded AMC Entertainment (AMC) to Neutral from Sell with a price target of $3.25, down from $4. The firm says “several positive events” indicate AMC shares “should be at or near a bottom.” The box office is entering what should be a positive two year content cycle, the company’s operating cash flow should turn positive in 2025, and its debt is being reduced and maturities extended, the analyst tells investors in a research note. Roth believes AMC’s risk/reward feels more balanced relative to the last five years.