JPMorgan Downgrades Cinemark from Overweight to Neutral

Cinemark Holdings, Inc., parent company of the Cinemark movie theater chain, received a downgrade from equities research analysts at JPMorgan Chase & Co. on Friday.

The firm downgraded the stock from 'overweight' to 'neutral,' with a target price of $39.00, suggesting a potential upside of 3.49% from its current price.

This is not the first time Cinemark has received a downgrade or upgrade in recent weeks; earlier this month, Goldman Sachs upgraded the stock from 'sell' to 'neutral' and raised their target price to $30.00, while Morgan Stanley set a price objective of $40.00.