UPDATE: Janney Capital Markets Upgrades Cinemark as Near-Term Pain Boosts Long-Term Gain

In a report published Tuesday, Janney Capital Markets analyst Tony Wible upgraded the rating on Cinemark Holdings (NYSE: CNK ) from Neutral to Buy, and raised the price target from $37.00 to $46.00. In the report, Janney Capital Markets noted, “We are upgrading RGC and CNK to Buy from Neutral