But what about for AMC? Here the issue
Online Cigarettes Store USA is more nuanced. Even before the pandemic decimated the movie theater world, AMC was highly leveraged, already at war with the emerging streaming market and now appears only a few steps away from bankruptcy. So you would think a buy-out would be beneficial for AMC, too. But on top of the regulatory hurdles, Wold remains skeptical whether a transaction based on AMC’s current low valuation and the accompanying terms (likely a cash rather than stock-based deal) would appeal to major AMC shareholders.
All said, Wold maintains a Hold rating
Cheap Newport Cigarettes Online Sale on AMC shares along with a $4 price target, indicating about 25% downside from current levels. (To watch Wold’s track record, click here)
The rest of the Street appears no more optimistic. Based on 7 Holds and 3 Sell ratings, the analyst consensus rates AMC a Moderate Sell. The average price target is well below Wold’s, and at $3.33 implies a decline of 38% over the coming months. In his first appearance before Congress since the worst of the COVID-19 outbreak has unfolded, Dr. Anthony Fauci, the government’s foremost expert on infectious disease, warned that if state and local governments do not follow step-by-step guidelines for reopening, they risk triggering “an outbreak you might not be able to control... leading to some suffering and death that could be avoided.”
Responding to members of the Senate Health, Education, Labor, and Pensions Committee on Tuesday morning,
Cheap Newport Cigarettes Online Sale Fauci stressed that local officials should abide by the system developed by the federal COVID-19 task force and remain vigilant about a virus that is not going to disappear anytime soon. “My concern is that we’ll see little spikes that might turn into outbreaks,” he said.
Online Cigarettes Store USA Newport Pleasure Cheap Newport Cigarettes Online Sale Newport Cigarettes Shop