Peel Hunt sees upside for Cineworld [Seeking Alpha]
Regencell Bioscience Holdings Limited - Ordinary Shares (RGC)
Last regencell bioscience holdings limited - ordinary shares earnings: 10/24 04:10 pm
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investor.regmovies.com
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Source: Seeking Alpha
Peel Hunt sees upside for CineworldCineworld (OTC:CNWGY) is upgraded by London firm Peel Hunt to a Buy rating from Hold as the company's pending addition of Regal Entertainment (NYSE:RGC) is factored in.Analyst Douglas Jack cites the recent weakness of Cineworld shares, expectations of strong cash flow reducing leverage and boosting dividends in making the bullish call. The potential for additional synergies is also seen as a positive for Cineworld.The new price target on Cineworld is £270. Shares are currently trading in London right now at £222.60.In the U.S., Regal Entertainment still trades at a slight premium to the $23 takeover price.Click to subscribe to real-time analytics on CNWGYNow read:Eros: Investors Should Give It A Pass »
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