RE: Good start25 Aug 2020 09:32
Daily Telegraph Cineworld was among the FTSE 250 leaders, jumping 3.5p to 54.64p, after Peel Hunt said the cinema chain presents "an attractive buying opportunity" for investors with appetite for material risk. The broker, which rates Cineworld at "buy" with a 180p price target, reiterated its view that cinema demand should bounce back once major films are released. "This starts this week with Tenet in the UK and internationally, and next week in the US," it said.Peel Hunt noted that the Cineworld share price has fallen further than any other in its sector coverage, but said it should "bounce hard" once investors are reassured over demand.