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UPDATE: Stifel Nicolaus Raises PT on RealD Following 4Q13 Earnings Call

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In a report published Friday, Stifel Nicolaus analyst Benjamin Mogil reiterated a Buy rating on RealD (NYSE: RLD), and raised the price target from $18.00 to $20.00.

In the report, Stifel Nicolaus noted, “We are raising our target price and estimates on RealD following the 4Q13 earnings call. The fourth quarter cost controls are sustainable into F2014, driving estimates higher with no change to our box office estimate. We see the next few quarters as strong for the company: By our estimates, we expect $3-3.5bn of global gross box office to play in 3D that will not play in IMAX over the summer. Our new target price is $20 and we remain Buy rated.”

RealD closed on Thursday at $14.96.

Latest Ratings for RLD

DateFirmActionFromTo
Nov 2015B. Riley FBRDowngradesBuyNeutral
Jun 2015B. Riley FBRMaintainsBuy
Feb 2015Barrington ResearchUpgradesOutperform

View More Analyst Ratings for RLD
View the Latest Analyst Ratings

Posted-In: Benjamin Mogil Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

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