B. Riley Securities Maintains Buy on Imax, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Eric Wold has maintained a Buy rating on Imax Corporation (NYSE:IMAX) but has reduced the price target from $27 to $21.

January 02, 2024 | 4:26 pm
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NEUTRAL IMPACT
B. Riley Securities reaffirms a Buy rating on Imax but lowers the price target to $21, indicating a positive outlook but with reduced expectations.
While the Buy rating suggests continued confidence in Imax's fundamentals and potential growth, the reduction in the price target may reflect a reassessment of near-term growth prospects or market conditions. This could lead to mixed reactions in the short term, as the market digests the positive rating against the backdrop of a lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100