Imax price target raised to $23 from $20 at Wells Fargo

Wells Fargo raised the firm’s price target on Imax to $23 from $20 and keeps an Overweight rating on the shares. The firm continues to like the Imax story with several catalysts ahead, as an improved network utilization, continued share gains, strong demand for systems, and negotiating leverage provide for an attractive setup, the analyst tells investors in a research note.