Piper Jaffray Downgrades Imax To Neutral

Analysts at Piper Jaffray downgraded Imax

from Overweight to Neutral. The target price for Imax has been lowered from $35 to $28. Imax shares have gained 1.89% over the past 52 weeks, while the S&P 500 index has jumped 17.39% in the same period. Imax's shares dropped 3.07% to close at $25.87 yesterday.