Los Angeles – Soleil Research Associates upgraded shares of Regal Entertainment Group, a movie theater chain, to “buy” from “hold” on a strong box office outlook for 2007 today, causing shares of the company to rise 3%. Analyst Marla Backer cited a strong summer slate as a large part of her optimism.
Denver - National CineMedia, a distributor of pre-feature digital programming and advertising in movie theaters, on Thursday announced its initial public offering, which raised $798 million and saw shares rise as much as 26% in their first day of trading.
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