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Fly News Breaks for September 6, 2016
IMAX
Sep 6, 2016 | 15:38 EDT
Canaccord analyst Aravinda Galappatthige said IMAX's Q3 box office is trending below expectations and lowered its Q3 revenue estimate to $76.6M from $88.7M and earnings to 2c compared to 10c consensus. The analyst views the weak Q3 as an opportunity to buy shares at attractive levels as downward revisions occur and said deals signed in 2016 thus far have secured the longevity of IMAX's growth story for several years. Galappatthige rates IMAX a Buy with a $39 price target on shares.
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IMAX
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