Stock Track | National CineMedia Surges 6% Premarket on Analyst Upgrade

Stock Track08-06

Shares of National CineMedia (NCMI) rallied over 6% in premarket trading on Wednesday, following an upgrade from Barrington Research. The firm raised its rating on the cinema advertising company to Outperform from Market Perform, setting a price target of $7.50.

The positive analyst action comes as investors remain optimistic about the recovery in the movie theater industry. With more blockbuster releases and moviegoers returning to cinemas, National CineMedia's advertising business is expected to benefit.

Analysts have been weighing in on the communication services sector, with National CineMedia garnering attention. The company's strong position in the cinema advertising market and potential for growth as the industry rebounds have been cited as key factors driving the bullish sentiment.

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