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Fly News Breaks for July 16, 2015
IMAX
Jul 16, 2015 | 08:19 EDT
MKM Partners said the recent pullback in IMAX shares has created a buying opportunity and is mainly due to declines in Mainland China's stock market. The firm said IMAX has a strong global fundamental growth forecast, a rising balance sheet that could lead to larger shareholder returns, the potential for in-home distribution, and said IMAX China remains on track for its IPO. MKM Partners rates shares a Buy with a $50 price target.
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