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Stock impact report

What Makes Cinemark Holdings (CNK) Attractive [Yahoo! Finance]

Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) 
Last cinemark holdings inc cinemark holdings, inc. earnings: 2/21 06:15 am Check Earnings Report
Company Research Source: Yahoo! Finance
Mike Hickey from Benchmark & Co reiterated his optimism on Cinemark Holdings (NYSE:CNK), rating the stock as Buy on December 10. Hickey has set a $35 price target for the stock, implying over 55% upside for investors. Fer Gregory/Shutterstock.com Hickey spoke of the ongoing sale process involving Warner Bros. and Discovery, which is benefiting theater exhibition businesses in general. He pointed out the aggressive intentions of bidders involved in the process, who plan to generate a larger volume of films, maintain a stable slate output, and deliver ongoing support for traditional theater windows. According to Hickey, such indications are creating optimism around the broader industry, and in particular for Cinemark Holdings (NYSE:CNK). Backing that up is the fact that the company management is currently executing a share repurchase program despite a comparatively high Price-to-Book ratio of 7.48x. This signals a strong management view of the business for the foreseeable future, Show less Read more
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