UPDATE: Janney Capital Markets Upgrades Regal Entertainment as Near-Term Pain Boosts Long-Term Gain

In a report published Tuesday, Janney Capital Markets analyst Tony Wible upgraded the rating on Regal Entertainment (NYSE: RGC ) from Neutral to Buy, and raised the price target from $21.00 to $26.00. In the report, Janney Capital Markets noted, “We are upgrading RGC and CNK to Buy from Neutral