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Cinemark Holdings (CNK) Soars 3.22% on JPMorgan Upgrade

Generated by AI AgentAinvest Movers Radar

Tuesday, Apr 22, 2025 6:15 pm ET1min read

Cinemark Holdings (CNK) shares surged 3.22% intraday, reaching their highest level since February 2025, marking a three-day winning streak with a cumulative gain of 4.92%.

JPMorgan Chase & Co. recently upgraded Cinemark HoldingsCNK-- from a "neutral" rating to an "overweight" rating, setting a price target of $34.00. This upgrade reflects increased confidence from financial analysts, which often leads to a positive impact on the stock price. The upgrade is likely a significant factor contributing to the recent surge in Cinemark's stock price.

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