Wedbush turned bullish on AMC’s stock, citing a more consistent movie-release slate over the next several quarters and prospects for market-share gains.

AMC Entertainment shares soared after Wedbush Securities upgraded the stock, saying the movie theater chain was "poised to benefit from a more consistent release slate over the next several quarters."

The upgrade marked AMC’s first Buy rating among analysts polled by FactSet since March 2020, when three firms rated the stock at Buy. Thanks to Wedbush, the stock has at least one enthusiastic bull again. (FactSet considers an Outperform rating equivalent to a Buy.)