Wells Fargo analyst Omar Mejias raised the firm’s price target on Cinemark (CNK) to $38 from $35 and keeps an Overweight rating on the shares. The firm is gaining conviction in its 2025 DBO estimate following its film-by-film analysis. Wells is now expecting 2025 DBO at $10B; the firm’s Street-high AEBITDA estimate moves higher and is now 7% above consensus.
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