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Fly News Breaks for June 29, 2015
IMAX
Jun 29, 2015 | 07:56 EDT
B. Riley raised IMAX estimates above consensus based on expectations Q2 box office will beat its prior quarterly record by at least 30%. The firm expects improving IMAX market share trends to dirve accelerated screen installation plans and recommends adding to positions as 45% of the current projected global screen TAM remains untapped, the underappreciated China growth opportunity ahead of the China IPO, and strong IP licensing model. B. Riley rates IMAX a Buy with an increased price target of $53, up from $50.
News For IMAX From the Last 2 Days
