Shares of theater chain AMC gain nearly 2% after being upgraded to outperform at FBR & Co.

MARKETWATCH | on Mon, Apr 3, 9:48 AM

Shares of AMC Entertainment Inc. AMC, +1.27%[1] were up 1.6% in morning trade on Monday after the company's stock was upgraded to outperform by analysts at FBR & Co. Lead analyst Barton Crockett wrote in a note to clients that AMC's quick completion of its $964 million acquisition of Nordic Cinema Group and its opportunity to outperform its peers in revenue, thanks in part to re-seats, are key points in upgrading the stock. Crockett also increased his 12-month price target to $37 from $33. "A...

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