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Fly News Breaks for June 13, 2017
IMAX
Jun 13, 2017 | 07:56 EDT
Roth Capital analyst Darren Aftahi lowered his price target on IMAX to $33 from $37 citing the fact that box office results through June 4 are trending much weaker than previously expected. While encouraged by the slate late this year and into 2018, he believes consumers, especially in the U.S., are not attending movies at the rates they once were. However, Aftahi also believes weaker expectations are reflected in shares and sees current levels as a buying opportunity given IMAX just re-upped its $200M buyback. He keeps a Buy rating on the shares.
News For IMAX From the Last 2 Days
IMAX
Apr 26, 2024 | 09:05 EDT
IMAX
Apr 26, 2024 | 09:01 EDT
IMAX
Apr 26, 2024 | 08:13 EDT
IMAX
Apr 25, 2024 | 07:33 EDT
