Shares of movie-theater chains fell Wednesday after an analyst at Credit Suisse slashed his forecasts for


Cinemark Holdings


‘ stock and 2023 box-office revenue.

Analyst Douglas Mitchelson cut his firm’s rating on


Cinemark


to Underperform from Outperform and slashed his target price to $9 from $25 in a research note issued after the market closed on Tuesday. The analyst wrote he made the call after taking an extensive look at expectations for next year.