Goldman Sachs Maintains Sell on Imax, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mike Burton has reiterated a Sell rating on Imax (NYSE:IMAX) and reduced the price target from $15 to $13.
January 11, 2024 | 1:20 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on Imax and lowers the price target to $13, indicating a bearish outlook on the stock.
The reduction in price target by a major financial institution like Goldman Sachs suggests a negative outlook on Imax's future stock performance. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100