Double Upgrade Pushes Cinemark Stock Higher

Wells Fargo doled out a double upgrade for Cinemark Holdings, Inc. (NYSE:CNK) to "overweight" from "underweight" and hiked its price target to $23 from$13. The analyst in question cited improved performance and strong demand. CNK is up 3.9% at $19.50 before the open.Today's pop has shares looking to open at their highest level since October and push above recent pressure near the$19 level. The equity bounced off the $17.60 floor earlier this month and so far this year has added 33.1%.Analysts are still sp ...