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Fly News Breaks for April 11, 2017
IMAX
Apr 11, 2017 | 07:36 EDT
Canaccord analyst Aravinda Galappatthige previewed the Q1 earnings report for IMAX and said he expects a light quarter due to its soft film slate. He said the drivers remain the company's signings and installations, but that tough comps will drive the year-over-year weakness. Galappatthige expects a stronger film performance after Q1 and is looking for China to be a focus on the company's earnings conference call. Galappatthige reiterated his Buy rating and $39 price target on IMAX shares.
News For IMAX From the Last 2 Days
