Roth MKM analyst Eric Handler raised the firm’s price target on Imax to $27 from $23 and keeps a Buy rating on the shares after its Q2 earnings beat. Better-than-expected results, a higher 2024 installation outlook, a backlog which stands at a 3-year-high, and an expanding alternative content lineup reinforces the firm’s positive view of Imax, the analyst tells investors in a research note.
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