Roth MKM raised the firm’s price target on Imax to $23 from $22 and keeps a Buy rating on the shares. The firm remains positive on the company for its blockbuster focus, global footprint, and asset light business model, also raising its Q2 estimates due to the outperformance of Inside Out 2 and believes that Imax remains on track to achieve over $1B of global box office in 2024, the analyst tells investors in a research note. Q3 also has a deep lineup of titles, highlighted by the upcoming Deadpool and Wolverine titles, the firm added.
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