Texas Capital initiated coverage of National CineMedia (NCMI) with a Buy rating and $7.50 price target The firm says domestic box office revenues are “primed for a solid double-digit percent increase” in 2025 as the post-pandemic recovery continues. The exhibitors have the potential to return to pre-pandemic adjusted EBITDA levels by 2026, even if total industry attendance remains below pre-pandemic levels, the analyst tells investors in a research note.
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Read More on NCMI:
- Wedbush ups National CineMedia to Outperform on valuation as backdrop improves
- National CineMedia upgraded to Outperform from Neutral at Wedbush
- National CineMedia Reintroduces Dividend and New Ad Offering
- National CineMedia’s Mixed Earnings Call: Growth Amid Challenges
- National CineMedia price target lowered to $7 from $8.25 at Barrington
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