Will This Ratings Initiation Help AMC Entertainment Holdings (AMC) Stock On Friday?

NEW YORK (TheStreet) -- AMC Entertainment Holdings Inc. (AMC) was initiated with a "buy" rating at MKM Partners on Friday.

The firm said it started AMC with a strong rating as its "theater modernization efforts focused on luxury theater-reseating and enhanced concession services are producing higher attendance, increasing consumer spending, and expanding margins."

MKM set a $28 price target on the movie theater company.

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