JPMorgan analyst David Karnovsky upgraded Cinemark (CNK) to Overweight from Neutral with a price target of $34, up from $30. The analyst has “increasing visibility and confidence” on 2026 and 2027 supply growth following CinemaCon. Amid the current volatile environment, Cinemark is one of the least economically exposed companies in the group, with industry attendance historically correlated to film quality rather than macro factors, a dynamic that should hold regardless of now available streaming alternatives, the analyst tells investors in a research note. JPMorgan cites an improved long-term outlook for the upgrade.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNK:
- Cinemark Holdings: Strong Growth Potential Amid Box Office Recovery and Strategic Initiatives
- Trump threatens even higher tariffs on China after retaliation: Morning Buzz
- Cinemark achieves all-time-high 3-day domestic weekend for A Minecraft Movie
- Will Disney Hurt AMC and Cinemark in 2025?
- Cinemark management to meet with Roth MKM