Glonghui, January 24 | Citi cut target prices for Disney and AMC theaters. The two companies are expected to be adversely affected by weak box office performance in 2024. Citi lowered Disney's target price from $110 to $106, but maintained a “buy” rating; cut AMC's target price from $5.75 to $4.10 to maintain a “sell” rating. Citibank analyst Jason Bazinet said that due to the continuing impact of the 2023 Hollywood strike, it is now predicted that the box office of US movies will drop by about 6% in 2024.
大行评级｜花旗：下调迪士尼和AMC院线的目标价 受票房疲软不利影响
Big Bank Ratings | Citibank: Lowering target prices for Disney and AMC theaters was adversely affected by weak box office
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