Cormark Cuts IMAX (IMAX) from Market Perform to Reduce

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July 27, 2012 2:49 PM EDT
Get Alerts IMAX Hot Sheet
Price: $52.32 -2.59%

Rating Summary:
    15 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 13 | New: 20
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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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