Cinemark Holdings Inc. CNK, +3.32% shares rose 7% Wednesday morning before the market opened after B.Riley Securities upgraded Cinemark to buy from neutral. It also raised the price target of the company from $20 to $23. B.Riley Securities had downgraded Cinemark from buy to neutral four weeks earlier. B.Riley Securities analyst Eric Wold wrote in a note that “we are taking advantage of this opportunity because we believe there is a strong probability, in our opinion – that 2Q23 results will be positive in early August and continue to over-index relative to the exhibition peers group.” Seven of the 12 analysts FactSet surveyed have a Buy rating, while four have a Hold rating and one has an Sell rating for Cinemark.