Regal Entertainment downgraded to Neutral from Buy at B. Riley Caris B. Riley Caris downgraded Regal Entertainment to reflect six weeks of disappointing box office weekends and difficult March comps. Price target cut to $15.50 from $17.50
Regal Entertainment Q3 estimates lowered below consensus at Stifel Stifel cut its Q3 EPS estimate for Regal to 12c from 26c, versus the consensus outlook of 23c. The firm cited weaker than expected attendance at theaters this quarter as the reason for the reduction. However, Stifel expects investors to look beyond this quarter when evaluating the stock, and it keeps a $23 price target and Buy rating on the shares.