Why AMC Stock Is Soaring Today
Shares of AMC Entertainment (AMC 10.83%) are jumping on Friday, up 10.6% to $3.32 as of 2:05 p.m. ET. At that point in the session, the S&P 500 was off by about 0.2% and the Nasdaq Composite was flat.A ratings upgrade from Wedbush analyst Michael Pachter appeared to be the driving force behind the movie theater chain's stock move.Wedbush sees a significant upsideOn Friday morning, Wedbush's Pachter upgraded AMC shares from neutral to outperform and raised his 12-month price target on the stock from $3 to $4 ...