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Fly News Breaks for May 28, 2015
IMAX
May 28, 2015 | 12:06 EDT
B. Riley views IMAX's filing of an IPO in Hong Kong as a positive move that should unlock the value of the company's growth opportunity in China. The firm notes its sum-of-the-parts analysis yields a price target of $50.00, or 20% higher than current levels. It keeps a Buy rating on IMAX.