Cinemark price target raised to $33 from $30 at Roth MKM

Roth MKM raised the firm’s price target on Cinemark to $33 from $30 and keeps a Buy rating on the shares. The firm’s recent meetings with the management have helped reinforce its positive view as it sees significant upside in Cinemark shares in the coming year, the analyst tells investors in a research note. Cinemark’s Q3 box office exceeded forecasts and turned positive one quarter ahead of projections, and the stage is now set for a strong 2+ year content cycle, the firm added.