DJ Cineplex Should See Improved Profitability DJ Cineplex Should See Improved Profitability, Stock Price Improvement -- Market Talk
Monday, April 15, 2024, 2:10 PM ET
1410 ET - Cineplex has a few tailwinds to drive its profitability forward, and the March box office results were just a highlight. TD Cowen analyst Derek Lessard says that the Canadian movie-theater chain should benefit from a strengthening film slate as well as recovering attendance levels. "We see substantially improved profitability going forward, which we expect to drive valuation up toward 2019 levels and, in turn, push the shares closer to our C$14 target. Shares still have a ways to go, however. The stock is down 2.2% at C$7.49 and down nearly 11% year-to-date. In the last 52-weeks, the shares are down over 15%. (adriano.marchese@wsj.com)