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Fly News Breaks for February 26, 2016
IMAX
Feb 26, 2016 | 08:44 EDT
Canaccord said the sharp selloff in IMAX shares following its Q4 results is unwarranted and provides an attractive entry point for the stock given that its long-term view remains unchanged. The firm also said IMAX should not be subject to the volatility the media stocks are seeing as its underlying fundamentals, particularly its sustained screen growth, should help the stock going forward. Canaccord reiterated its Buy rating and lowered its price target to $37 from $43 on IMAX shares.
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