AMC Entertainment Price Target Raised to $2.00 as Revenue Forecast Hits $960.5M, EPS -$0.36
B. Riley maintained a Neutral rating on AMC Entertainment and raised its price target to $2.00 from $1.50. The company forecasts $960.50 million in quarterly revenue with an EPS loss of $0.36 and faces class-action lawsuits alleging federal securities violations.
1. B. Riley Rating and Price Target
Analyst firm B. Riley reiterated its Neutral rating on AMC Entertainment while increasing the price target to $2.00 from $1.50, implying modest upside potential from the current trading level of $1.70.
2. Earnings Forecast
AMC is projected to report quarterly revenue of $960.50 million alongside a negative EPS of $0.36, reflecting continued pressure on profitability despite strong box office reopenings.
3. Legal Challenges
Several class-action lawsuits allege AMC violated federal securities laws and engaged in unlawful business practices, creating potential financial liabilities and reputational risks for the company.