December 03, 2012 at 10:22 AM EST
UPDATE: J.P. Morgan Downgrades Cinemark Holdings to Neutral, Reiterates $30 PT
In a report published Monday, J.P. Morgan & Co. downgraded its rating on Cinemark Holdings (NYSE: CNK ) from Overweight to Neutral, and reiterated its $30.00 price target. J.P. Morgan noted, “We continue to find shares attractive at 7.0x 2013 adj. EBITDA and paying a healthy dividend yielding 3.1% given
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