B. Riley raised the firm’s price target on Imax (IMAX) to $40 from $36 and keeps a Buy rating on the shares. The price target increase reflects stronger-than-expected Q3 results, an anticipated solid Q4 driven by Avatar: Fire and Ash, and confidence in the upcoming film slate, the analyst says. Forecasts for 2025 and 2026 have also been modestly increased, pointing to consecutive years of record performance, B. Riley adds.
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