Dougherty & Co Reiterates a 'Buy' on IMAX Corporation (IMAX); Int'l Strength Powers Another Big Box Office Weekend
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Price: $52.39 -0.93%
Rating Summary:
15 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
15 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Dougherty & Co reiterates a 'Buy' on IMAX Corporation (NASDAQ: IMAX) price target of $33.00.
Analyst, Steve Frankel, said, "John Carter Misses Domestically...But Debuts Strong Overseas...Imax’s Core Fanboy Audience Drives Market Share Gains...Given the to-date performance, including better than expected traction from Journey 2 and The Lorax, we believe our $90M gross box office and $49.3M/$0.09 estimates for Q1 remain conservative."
"With a rapidly growing global network, a strong 2012 film slate and the potential for material margin improvement we continue to like the Imax story."
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 $27.57 yesterday.
Analyst, Steve Frankel, said, "John Carter Misses Domestically...But Debuts Strong Overseas...Imax’s Core Fanboy Audience Drives Market Share Gains...Given the to-date performance, including better than expected traction from Journey 2 and The Lorax, we believe our $90M gross box office and $49.3M/$0.09 estimates for Q1 remain conservative."
"With a rapidly growing global network, a strong 2012 film slate and the potential for material margin improvement we continue to like the Imax story."
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 $27.57 yesterday.
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