Wall Street analysts predict coronavirus outbreak may bankrupt AMC Theatres

Wall Street analysts predict a top movie theater chain will likely have to file for bankruptcy because of the coronavirus pandemic.

“Based on our view that theaters will be closed until at least August and our belief that AMC lacks the liquidity to stay afloat until that time, we expect the company will soon be faced with filing for bankruptcy,” MKM Partners analyst Eric Handler said Thursday in a report. Handler downgraded the theater chain’s stock from “neutral” to “sell.”