Investors should snap up beat-down Marcus Corp. shares as the film industry continues rebounding, according to Benchmark.
While Marcus stock has slipped more than 13% in 2024, rivals Cinemark and Imax have climbed more than 59% and 36%, respectively.
"We believe Marcus offers a compelling catch-up trade," Hickey told clients in a Sunday note.
MCS CNK,IMAX YTD mountain Marcus vs. Cinemark and Imax in 2024 Notably, Marcus is much smaller than these other names.
Marcus' removal from the S & P 600 and its repurchase of convertible notes also negatively impacted the stock, Hickey said.
Persons:
Marcus Corp, Mike Hickey, Marcus, Hickey
Organizations:
Hollywood
Locations:
Minnesota, Wisconsin