Roth Capital lowered the firm's price target on AMC Entertainment to $1.50 from $2 and keeps a Neutral rating on the shares. The firm is updating its model on the stock after its better-than-projected Q1 results, the analyst tells investors in a research note. The theatrical industry is in the midst of what should be a positive content cycle lasting through at least 2027, while for AMC, debt, interest expense, and net leverage are all steadily moving lower, however these metrics all still remain extremely elevated while the company's free cash flow is still negative, Roth added.
