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00:02AMC Entertainment shares traded higher Wednesday afternoon after McQuarrie raised its price
00:07target on the stock from $1.50 to $2 while maintaining a neutral rating, according to
00:13Benzinga. The firm also raised its 2026-adjusted EBITDA estimate to $629 million from $600 million
00:21and improved its projected full-year adjusted loss to $0.24 per share from $0.28.
00:27McQuarrie said second-quarter U.S. box office admissions revenue reached $2.97 billion,
00:33up 11% year-over-year and better than expected. The quarter was the strongest second-quarter
00:39domestic box office in six years, driven by major releases and surprise hits.
00:44McQuarrie said higher attendance supports AMC's ticket sales, concessions, and operating leverage.
00:49Shares were up by 9.30% at $1.88 in Thursday's pre-market trading, according to data from Benzinga
00:58Pro.
00:58For all things money, visit Benzinga.com.
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