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Fly News Breaks for February 4, 2020
IMAX
Feb 4, 2020 | 09:18 EDT
MKM Partners analyst Eric Handler lowered his price target on Imax to $24 to reflect the expected impact of China coronavirus on near-term results. The analyst keeps his Buy rating on the stock however and believes that the movie theater precautionary shutdown due to medical concerns will be a "temporary issue", noting the company's lengthy runway for continued expansion.