Wells Fargo Is Pounding the Table on Cinemark (CNK) Stock

Cinemark (NYSE:CNK) stock is in the news Friday after the movie theater chain was granted a rare double upgrade from Wells Fargo analyst Steven Cahall.The Wells Fargo analysts bumped shares of CNK stock up from an “underweight” rating to an “overweight” rating. That’s worth noting as the analysts’ consensus rating for CNK shares is hold based on 10 opinions.To go along with that upgrade, Cahall increased the firm’s price target for CNK stock from $13 per share to$23 per share. That’s a potential upside of ...