Imax price target raised to $45 from $43 at Seaport Research

Seaport Research raised the firm’s price target on Imax (IMAX) to $45 from $43 and keeps a Buy rating on the shares. The firm notes IMAX could serve as a recession-resistant business model, since IMAX should be viewed as a “staycation” alternative since it provides an experience cheaper than driving long distances and paying for vacation, the analyst tells investors.