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Fly News Breaks for November 19, 2019
CNK, AMC, IMAX
Nov 19, 2019 | 09:06 EDT
MKM Partners analyst Eric Handler keeps his Buy rating and $28 price target on Imax (IMAX), saying the company is "executing" on its key initiatives planned for 2019 and is "well set up" heading into 2020 and beyond with declining reliance on North America thanks to its expanding global footprint. The analyst notes however that while Imax is on track to deliver at least a 10% box office growth this year with lengthy international runway and increasing EBITDA margins, the stock is trading at a "modest one-turn premium to traditional exhibitors AMC (AMC) and Cinemark (CNK) despite having a fraction of the capital intensity and twice the margin."
News For IMAX;AMC;CNK From the Last 2 Days
AMC
Apr 17, 2024 | 09:41 EDT
Unusual total active option classes on open include: Steel Dynamics (STLD), Gildan Activewear (GIL), Danaher (DHR), Altimeter Growth (GRAB), Childrens Place (PLCE), ASML (ASML), US Bancorp (USB), iShares Barclays 7 to 10 Year Treasury Bond Fund (IEF), AMC Entertainment (AMC), and Abbott (ABT).