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CPXGF

Cineplex

$0.00 /

+ (+0.00%)

11:24
03/25/20
03/25
11:24
03/25/20
11:24

Cineplex price target lowered to C$15 from C$34 at TD Securities

TD Securities analyst Derek Lessard lowered the firm's price target on Cineplex to C$15 from C$34, and keeps a Tender rating on shares. The analyst believes that due to COVID-19-mandated theater closures, Cineworld "may elect to walk away" from its agreement to acquire Cieplex, and are now "assigning only a 10% probability that the previously announced Cineworld deal to acquire all of the issued and outstanding common shares of Cineplex for $34.00 per share in cash, will be completed."

CPXGF Cineplex
$0.00 /

+ (+0.00%)

12/17/19 TD Securities
Cineplex downgraded to Hold from Buy at TD Securities
08/09/19 CIBC
Cineplex upgraded to Outperformer from Neutral at CIBC

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