Disney’s ‘Infinity Vision’ not ‘real competition’ for Imax, says Rosenblatt

Rosenblatt notes that Disney’s (DIS) announcement on Friday of “Infinity Vision” knocked Imax (IMAX) down 5% as the news was seen as a competitive threat. However, Infinity Vision is an effort to drum up consumer support for the upcoming release of “Avengers Doomsday” and any future releases that get boxed out of the IMAX network, says the analyst, who calls Disney’s announcement “marketing buzz not real competition.” The firm, which adds that it is “pounding the table on the stock at current levels,” keeps a Buy rating and $47 price target on Imax shares.