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Fly News Breaks for February 25, 2019
IMAX
Feb 25, 2019 | 06:58 EDT
As reported previously, Canaccord analyst Aravinda Galappatthige downgraded Imax to Hold from Buy. The analyst downgraded the share ahead of Q4 results, citing weak box office trends, particularly in China. He believes the uncertainty around the China outlook and the less friendly slate of movies for 2019 will also be headwinds. Galappatthige lowered his price target to $23 from $33 on Imax shares.
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