IMAX Poised for Consistent Profitability and International Growth, Analysts Maintain Positive Outlook with Upside Potential
Portfolio Pulse from Anusuya Lahiri
Imax Corp (NYSE:IMAX) plans to acquire 96.3 million shares in its Hong Kong-listed subsidiary, IMAX China, for around $124 million. The deal is expected to unlock annual public company cost savings of around $2 million and tax efficiencies. Analysts from Benchmark, Wedbush, and Rosenblatt maintain positive outlooks for IMAX, with price targets of $23, $26, and $27 respectively. IMAX expects significant growth in FY23, and analysts believe the company is well-positioned to benefit from the theatrical rebound in 2023.
July 13, 2023 | 6:29 pm
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POSITIVE IMPACT
Imax Corp's planned acquisition of shares in IMAX China is expected to unlock cost savings and tax efficiencies. Analysts maintain positive outlooks for the company, with price targets ranging from $23 to $27.
The planned acquisition of shares in IMAX China by Imax Corp is expected to result in cost savings and tax efficiencies, which could positively impact the company's financial performance. Additionally, analysts from Benchmark, Wedbush, and Rosenblatt have maintained positive outlooks for the company, indicating strong market confidence in its future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100