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.

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