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Fly News Breaks for June 13, 2017
IMAX
Jun 13, 2017 | 06:19 EDT
After IMAX announced yesterday a 14% headcount reduction and new $200M buyback program, Piper Jaffray analyst Stan Meyers says he continues to believe the stock remains oversold. The layoffs should drive EBITDA margins back to the 40% mark, Meyers tells investors in a research note. He keeps an Overweight rating on IMAX shares.
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