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IMAX Stock Price Target Raised at MKM Partners

NEW YORK (TheStreet) -- MKM Partners raised its price target on IMAX (IMAX - Get Report) stock to $44 from $40 on Thursday.

The Mississauga, Canada-based entertainment technology company reported 2015 third quarter earnings yesterday of 12 cents per share on revenue of $85.1 million. Analysts surveyed by Zacks Investment Research projected the company would earn 13 cents per share on revenue of $78 million.

IMAX's price target was raised due to an attractive multi-year film slate, growing exposure to the Chinese box office and upside opportunities from emerging technologies, MKM Partners said.

"Upcoming events remain...