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Fly News Breaks for May 29, 2015
IMAX, RLD
May 29, 2015 | 05:22 EDT
B. Riley says it would not be surprised if RealD (RLD) management and its activist Starboard Value are monitoring IMAX's (IMAX) China IPO filing to see if a similar move by RealD would make sense. The firm believes China is also a meaningful growth driver for RealD in the coming years. It continues to recommend "aggressively" adding to RealD positions at current levels and keeps a Buy rating on the stock with a $17 price target.
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