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Fly News Breaks for November 1, 2019
IMAX
Nov 1, 2019 | 16:17 EDT
Barrington analyst James Goss keeps his Outperform rating and $27 price target on Imax, saying the company has been "significantly outperforming trends" in many of its key markets. The analyst points to Imax's record box office in China during its National Day holiday, highlighting its ability to showcase multiple titles and "program its footprint" based on "audience reception" as a key driver of its success. Goss further cites the company's increasing penetration of "laser" projection technology as a new differentiating quality factor for Imax.