Benchmark Reiterates Buy Rating on IMAX Corporation (IMAX)

Benchmark analyst Mike Hickey reiterated a Buy rating and $30.00 price target on IMAX Corporation (NYSE: IMAX).

The analyst comments "Update: We expect IMAX to report Q2 earnings in early August. Our updates reflect the company's confirmed Q2 box office performance of $278M and modest model adjustments, including a slight increase in expected system installs for the quarter. We like IMAX for its unique position in premium cinema, supported by a powerful slate of upcoming filmed-forIMAX titles, accelerating global system growth, and a lean operating model that drives strong margin expansion and long-term earnings leverage. We reiterate our Buy rating and $30 PT."

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

Shares of IMAX Corporation closed at $26.90 yesterday.

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