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Fly News Breaks for April 21, 2017
IMAX
Apr 21, 2017 | 08:53 EDT
Canaccord analyst Aravinda Galappatthige noted IMAX Q1 results were slightly ahead on revenue and EBITDA and said it was due to higher system sales. The analyst believes IMAX will see stronger film performance going forward and the company's new initiatives, like VR and Original content, offer up interesting avenues for longer-term growth and opportunities for the company to leverage its strength. Galappatthige reiterated his Buy rating and $39 price target on IMAX shares.
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