AMC stock surges after Wedbush upgrade and box office recovery sparks investor hope- AMC stock is back in the spotlight after a fresh upgrade from Wedbush Securities sent shares higher. On Friday, July 11, AMC Entertainment Holdings Inc. (NYSE: AMC) rose more than 7%, touching $3.30, as analyst Alicia Reese changed the stock rating from Neutral to Outperform and raised the price target to $4, signaling a 33% upside. This shift in sentiment comes as the movie theater giant navigates an improving box office environment and clears major debt hurdles, renewing optimism in a sector long considered high-risk.
Is the improving box office finally helping stock bounce back?
The key factor driving AMC’s stock momentum is a more stable and…