Imax price target raised to $28 from $24 at Barrington

Barrington raised the firm’s price target on Imax (IMAX) to $28 from $24 and keeps an Outperform rating on the shares post the Q3 report. The company reported solid profitability in a down period, the analyst tells investors in a research note. The firm says Imax’s model has “substantial incremental profitability” from box office growth.