Benchmark Maintains ‘Hold’ Rating on AMC Entertainment (NYSE: AMC) Amid Box Office Slump
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1 Articles
Benchmark Maintains ‘Hold’ Rating on AMC Entertainment (NYSE: AMC) Amid Box Office Slump
Benchmark analysts have reiterated their Hold rating on AMC Entertainment (NYSE: AMC) stock, citing a challenging start to the year for the movie theater chain amid a sluggish box office environment. The firm pointed to a significant decline in domestic box office revenue in the first quarter, which fell 11.6% year-over-year to $1.42 billion. The downturn was primarily attributed to a lack of standout film releases, with the box office relying h…
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