UPDATE: Dominick & Dominick Initiates Digital Cinema Destinations at Buy on Growth Prodpects

Dominick & Dominick initiated coverage on Digital Cinema Destinations

with a Buy rating and a $7.50 price target. Dominick & Dominick said, "The company is a fast-growing motion picture exhibitor focused on acquiring theaters in top markets and transforming them into interactive digital entertainment centers. We believe that the industry is in the midst of a multi-year consolidation cycle and that Digiplex is well positioned to take advantage of it. In addition, the company is taking full advantage of the benefits of a digital conversion, especially through the showing of Alternative Content." Digital Cinema Destinations closed at $5.19 on Monday.