Wedbush upgraded AMC Entertainment stock from neutral to outperform and raised the price target to $4, citing improved cash flow and debt reduction. Despite this, negative equity and weak theater attendance make the stock risky. AMC shares jumped 10.6% to $3.32 after the upgrade. The company’s cost-cutting efforts have boosted the bottom line and reduced debt, but challenges remain. With negative equity nearing $2 billion and years of losses, AMC faces an uphill battle. Consumer trends are also not favorable, with declining movie ticket sales in recent years. Consider other investment opportunities before buying AMC stock.

Read more at Nasdaq: Why AMC Stock Is Soaring Today