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Fly News Breaks for July 13, 2015
IMAX
Jul 13, 2015 | 05:30 EDT
Piper Jaffray analyst James Marsh upgraded IMAX to Overweight saying the recent pullback in shares has presented a buying opportunity. Marsh believes the initial public offering of IMAX's China unit remains on track despite the country's recent market volatility. He also raised his estimates for the company to reflect domestic and international box office outperformance. The analyst upped his price target for IMAX to $41 from $33.