Investors Optimistic as Fed Rate Hike Pause Looms

AMC Entertainment's stock is overvalued, according to Citi analyst Jason Bazinet, who resumed coverage of the company with a sell rating and a price target of $1.60 per share. Baird believes Block is still a good value stock despite concerns over criminal activity on its CashApp service. Oppenheimer downgraded Coinbase Global to perform from outperform, citing troubling regulatory signals for the digital asset sector. The Bank of England raised its benchmark interest rate by a quarter percentage point to 4.25%, its highest level in 15 years. Markets don't seem convinced of more rate hikes, with the probability of a quarter percentage point rate hike at the May meeting at just 47%.