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Fly News Breaks for July 24, 2015
IMAX
Jul 24, 2015 | 08:18 EDT
B. Riley said IMAX reported solid Q2 results and underlying box office and consumer demand trends are becoming increasingly clear as the industry moves into the heart of the 2015 film slate. Importantly, China's demand trends should increase investor confidence in the region's backlog concentration and overall growth potential ahead of the IMAX China IPO this year. The firm reiterates its Buy rating and recommends adding to positions with 40%+ projected upside to its $53 price target.