Market Overview

UPDATE: Benchmark Initiates Coverage on IMAX on Near-Term Optimism, Ongoing Performance Risk

Related IMAX
IMAX's Accelerated Screen Growth Should Drive Solid Long-Term Earnings Growth
The Street Isn't Seeing The Big Picture For IMAX

In a report published Wednesday, Benchmark Company analyst Mike Hickey initiated coverage on IMAX Corporation (NYSE: IMAX) with a Hold rating and $29.42 price target.

In the report, Benchmark Company noted, “We remain optimistic near term over the IMAX brand and premium ticket experience they offer to a rapidly unfolding international growth opportunity. We remain cautious over the Company's ongoing performance risk, particularly over a network growth scenario that appears to have slowed meaningfully. We believe both fiscal Q3'13 and Q4'13 financial performance could disappoint street consensus, offset somewhat by a meaningful reduction in street consensus for their fiscal Q3'13 period, as box office performance greatly disappointed original expectations.”

IMAX Corporation closed on Tuesday at $29.70.

Latest Ratings for IMAX

Sep 2016MacquarieMaintainsOutperform
Jul 2016Roth CapitalAssumesBuy
Mar 2016BenchmarkMaintainsBuy

View More Analyst Ratings for IMAX
View the Latest Analyst Ratings

Posted-In: Benchmark Company Mike HickeyAnalyst Color Initiation Analyst Ratings


Related Articles (IMAX)

View Comments and Join the Discussion!