By Senad Karaahmetovic An MKM Partners analyst cut the price target on AMC Entertainment (NYSE: AMC ) stock to $0.50, from the prior $1.50, to reflect a lower Q3 box office outlook for the entire sector. The Sell-rating is reiterated as the analyst sees over 90% downside risk compared to the current market price. "We continue to rate AMC as a Sell, a view driven by what we perceive as an upside-down capital structure resulting from a substantially larger number of shares outstanding since the start of the pandemic," the analyst wrote in a client note. Moreover, the lower price target also reflects the recent stock dividend of one preferred APE share issued for each AMC share. "As a result of a 400% increase in AMC's shares outstanding (now in excess of 1bn) since the start of the pandemic along with its sizable $5.5bn debt load, it will likely take a number of years for the company to grow into its capital structure."