Cormark Cuts IMAX (IMAX) from Market Perform to Reduce

Cormark downgraded IMAX Corporation (NYSE: IMAX) from Market Perform to Reduce with a price target of $20.00.

Investors in the stock are responding to inline Q2 results from the company on Thursday morning and news this morning of a deal for three new theatres in China.

Shares are up 0.3 percent to $22.53 at last check.

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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