Will This Upgrade Help AMC Entertainment (AMC) Stock Today?

NEW YORK (TheStreet) -- AMC Entertainment (AMC) 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 ReadWarren Buffett's 25 Favorite Stocks 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

AMC Chart

AMC data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Stocks Dad Would Have Loved, And Why He Was Right

Media Stocks Jump Following Goldman Conference

Weekend Box Office Preview: This Could Be the Slowest Labor Day in 25 Years

Direct to Consumer Movie Options Hurt AMC, Barclays Says