Susquehanna Starts IMAX (IMAX) at Neutral, Sets $23 Price Target

June 8, 2012 8:29 AM EDT
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Price: $31.45 -0.79%

Rating Summary:
    13 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Susquehanna's Vasily Karasyov initiated coverage on shares of IMAX Corporation (NASDAQ: IMAX) with a Neutral rating and $23 price target.

The new coverage comes ahead of a projected $100 million box office weekend with the latest edition of Madagascar and Ridley Scott's Prometheus set to debut.

With IMAX shares closing at $19.85 Thursday, Karasyov's new target represents potential downside of about 16 percent.

For an analyst ratings summary and ratings history on IMAX Corporation click here. For more ratings news on IMAX Corporation click here.

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