AMC Entertainment (AMC) shares experienced a significant pre-market surge on Friday, jumping 8.67% as investors reacted positively to a notable analyst upgrade. The stock's movement comes amidst renewed optimism about the company's prospects.
The catalyst for this pre-market rally appears to be Wedbush's decision to upgrade AMC Entertainment from Neutral to Outperform. In addition to the improved rating, Wedbush also raised its target price for AMC shares from $3 to $4, signaling increased confidence in the company's potential.
This upgrade from a respected Wall Street firm could potentially shift market sentiment towards AMC Entertainment. Investors will be closely watching how the stock performs during regular trading hours and whether this pre-market momentum can be sustained. The higher price target may also attract new investors looking for potential growth opportunities in the entertainment sector.
