Cinemark Holdings, Inc. Stock (CNK) Slides After Morgan Stanley Downgrade: What Today’s News and 2026 Forecasts Mean
Cinemark Holdings shares fell about 6% to $22 Thursday after Morgan Stanley downgraded the stock and cut its price target to $28, citing a weaker box office outlook. The bank also reduced its 2026 and 2027 EBITDA estimates by 10%. Most analysts still rate Cinemark a moderate buy, with average price targets near $34.