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Cinemark theater
B. Riley Securities analyst Eric Wold also doubles his stock price target and predicts attendance should return to 2019 levels by 2023.
B. Riley Securities analyst Eric Wold on Friday upgraded his rating on shares of cinema giant Cinemark from neutral to buy and doubled his stock price target to $28, predicting attendance should return to 2019 levels by 2023.
Following a chat this week with Cinemark CEO Mark Zoradi, CFO and COO Sean Gamble and Chanda Brashears, vp of investor relations, about the coronavirus pandemic and the company s outlook, Wold published a report entitled Virtual Fireside Chat Highlights Underlying Operating Strengths in the Midst of Reopening Uncertainties. ....

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