NEW YORK (TheStreet) -- AMC Entertainment
(AMC - Get Report) shares were upgraded to "buy" from "neutral" by analysts at B. Riley who also raised the company's price target to $28 from $25.50 on Tuesday.
The firm cited a strong start to the summer movie season as the reason for the upgraded outlook.
AMC shares are up 2.7% to $23.19.
Must Read: Warren Buffett's 25 Favorite Stocks
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts