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Fly News Breaks for July 3, 2017
IMAX
Jul 3, 2017 | 07:26 EDT
JBL Advisors analyst Jeffrey Logsdon says he's upping his rating on IMAX to Outperform from Not Rated with a $27 price target. The shares have hit four-year lows in recent days due to the disappointment of some summer films, Logsdon tells investors in a research note. He believes, however, that IMAX is well positioned to benefit from many of the most anticipated theatrical films globally in late 2017, like Star Wars 8. As such, the analyst expects investor perceptions to reverse perceptions in the months to come.
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