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Fly News Breaks for February 22, 2016
IMAX
Feb 22, 2016 | 07:36 EDT
Wedbush analyst Michael Pachter upgraded IMAX to Outperform from Neutral with a $38 price target. The valuation is favorable while the company is seeing an improving pace of screen installations and an improving premium film slate in 2016, Pachter tells investors in a research note. Earnings acceleration over the next few years will drive multiple expansion, he contends.
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IMAX
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