AMC Entertainment rises after Wedbush upgrades rating to 'outperform'
Shares of theater chain AMC Entertainment Holdings AMC.N rise 7.3% to $3.22 premarket
Wedbush upgrades stock to "outperform" from "neutral", hikes PT to $4 from $3
New PT implies an upside of 33.3% to stock's last close
Wedbush expects co to benefit from a more consistent release slate over the next several quarters as box office stabilizes
"AMC is positioned to gain market share in 2025 and 2026 as it focuses on its premium theaters and plans of expansion in UK and Europe" - Wedbush
Brokerage says co is relieved of major headwinds from near-term uncertainty after it repaid or postponed all debt due in 2026
Seven brokerages rate the stock "hold" and one "strong sell"; median PT is $3 - data compiled by LSEG
As of Thursday's close, stock was down 24.62% YTD
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