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."

AMC Entertainment (AMC) shares rallied more than 10% on Friday after receiving a big vote of confidence from Alicia Reese, a senior Wedbush analyst. In her research note this morning, Reese upgraded the world’s largest cinema chain to “Outperform” and raised her price target to $4,