Carmike Cinemas price target raised to $38 from $33 at Barrington Barrington raised its price target for Carmike Cinemas shares to $38 citing the company's screen growth and new initiatives. The firm keeps an Outperform rating on the stock.
Carmike remains undervalued relative to peers, says B. Riley B. Riley analyst Eric Wold says Oasis Management's letter to Carmike Cinemas, as reported last night by Reuters, highlights a number of the arguments he's been making. Wold continues to view Carmike as a "meaningfully undervalued" theater chain with the potential for a dividend. He reiterates a Buy rating on the stock with a $32 price target.