0849 ET - AMC Entertainment stands to benefit from a more consistent slate of silver-screen releases over the next several quarters, Wedbush analysts say in a research note. The movie theater operator is also positioned to gain market share in 2025 and 2026 with the most premium screens in North America and expansion plans in UK/EU. The company earlier this month reached an agreement with creditors to reduce debt and receive new financing, another positive according to the analysts. In addition, AMC is "completing what we expect to be the last major share issuance for the foreseeable future, putting a significant headwind behind it," the analysts say. Wedbush upgrades AMC to outperform from neutral and raises its price target to $4 from $3. AMC climbs 9% premarket. (connor.hart@wsj.com)
(END) Dow Jones Newswires
July 11, 2025 08:49 ET (12:49 GMT)
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