Benchmark Maintains Buy on Imax, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mike Hickey has maintained a Buy rating on Imax Corporation (NYSE:IMAX) but has reduced the price target from $24 to $22.
January 18, 2024 | 3:03 pm
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Benchmark analyst Mike Hickey reaffirms a Buy rating on Imax but lowers the price target to $22, indicating a potential upside but with caution.
The maintenance of a Buy rating suggests that Benchmark analyst Mike Hickey remains optimistic about Imax's future performance. However, the reduction in the price target from $24 to $22 may reflect a more cautious outlook on the company's growth prospects or market conditions, which could lead to a neutral short-term impact on the stock price as investors digest the mixed signals.
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