Cinemark price target raised to $32 from $28 at Benchmark

Benchmark analyst Mike Hickey raised the firm’s price target on Cinemark to $32 from $28 and keeps a Buy rating on the shares. The firm is raising its fiscal Q3 revenue and AEBITDA expectations as the domestic box office outperformed expectations, which it says is also a “key driver” for better-than-expected operating leverage and profitability.