Goldman Sachs Starts IMAX Corporation (IMAX) at Buy

Goldman Sachs initiates coverage on IMAX Corporation (NYSE: IMAX) with a Buy rating and $30 price target, suggesting 25% upside.

The firm calls IMAX fastest growing company in their coverage and the see significant growth potential internationally, especially in China.

"Revenue growth is fueled by growth in screens and box office per screen," the analyst comments. "After doubling since 2009, screen count is estimated to double again by 2015E, mostly from international where market penetration is 17% vs. 60% in the more mature US market. International screen growth gets compounded because international box office per screen is 30% higher than the US."

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 $24.02 yesterday.

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