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Fly News Breaks for July 31, 2018
IMAX, XPER
Jul 31, 2018 | 08:19 EDT
B. Riley FBR analyst Eric Wold added Xperi (XPER) to his firm's Alpha Generator list in place of Imax (IMAX). The analyst sees an attractive entry point with Xper shares down 65% over past 18 months. Potential for multiple positive intellectual property licensing catalysts in next 6-12 months should lessen investor concerns, Wold tells investors in a research note. He has a Buy rating on Xperi with a $26 price target.