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Mon, December 2, 2024

B. Riley names 5 media, entertainment stocks positioned for re-ratings


Published on 2024-12-02 12:34:07 - Michael Jones, N@N
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  • B. Riley analyst Eric Wold identified five stocks within the media and entertainment and outdoor leisure group that "could be poised for

B. Riley Financial has identified five media and entertainment stocks that they believe are poised for upward re-ratings due to their strong fundamentals and market positioning. These stocks include Lions Gate Entertainment, IMAX, Cinemark Holdings, AMC Entertainment, and National CineMedia. According to B. Riley, these companies are expected to benefit from a recovery in the cinema industry, driven by a robust slate of film releases, including major titles like "Avatar: The Way of Water" and "Top Gun: Maverick." The firm highlights that these companies have managed to navigate through the challenges posed by the global health crisis, with improvements in balance sheets, strategic partnerships, and operational efficiencies. B. Riley's analysis suggests that these stocks are undervalued given their potential for growth as consumer behavior shifts back towards traditional cinema experiences.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/b-riley-names-5-media-entertainment-stocks-positioned-for-re-ratings-1034087417 ]
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