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Fly News Breaks for December 15, 2016
IMAX, DIS
Dec 15, 2016 | 06:29 EDT
Piper Jaffray analyst Stan Meyers says this weekend's opening of Disney's (DIS) next Stars Wars film, Rogue One, is tracking in the $140M-$150M range, ahead of his $125M estimate. Some critics are calling it the best Star Wars film yet, Meyers tells investors in a research note. The analyst believes the film should cross $300M globally with IMAX (IMAX) capturing roughly $25M-$30M, ahead of his $20M estimate. Meyers remains a buyer of Disney shares with an Overweight rating and $115 price target.
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