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Fly News Breaks for January 10, 2018
IMAX
Jan 10, 2018 | 04:44 EDT
Piper Jaffray analyst Stan Meyers downgraded IMAX to Neutral and cut his price target for the shares to $21 from $28. The analyst sees the stock being pressured by another wave of major estimate revisions for Q4 and 2018, continued loss of casual fans and an oversaturated market in China. The analyst lowered his 2018 box office expectations from growth of 18% to growth of 3%.
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