Wendy Boyd
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3 Reasons To Own IMAX Shares For The Long Term

In what he described as a “draconian view,” MKM Partners analyst Eric Handler reiterated a Buy rating on Imax Corp (USA) and cut its price target from $40 to $30.

The $30 price target still reflects a 41-percent upside from the low-$21 range IMAX shares were trading at intra-day Thursday.

“We recognize investors have grown tired of overly optimistic sellside global box office projections and more often than not of late, downward estimate revisions,” said Handler in a note. The stock is at its lowest level since December 2012.

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