B. Riley takes the long view on Cinemark Holdings

• B. Riley upgrades Cinemark Holdings (CNK +1.4%) to a Buy rating from Neutral.
• Analyst Eric Wold suggests taking the longer view on Cinemark with stronger box office trends expected for 2017.
• The investment firm lifts its price target on the exhibitor stock to $47 from $41.75 based off a 8.2X multiple of 2017 EBITDA.