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Fly News Breaks for April 27, 2018
IMAX
Apr 27, 2018 | 08:25 EDT
As previously reported, Benchmark analyst Mike Hickey upgraded Imax to Buy from Hold, saying he expects near-term performance to benefit from a strong box office with potential upside versus the consensus led by ongoing cost controls. He also suspects the company could raise its installation guidance for the year, as they did during the same period last year. Hickey set a $28 price target on Imax shares.