Imax upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded Imax (IMAX) to Overweight from Neutral with a price target of $47, up from $32. The company’s momentum can accelerate on a “strong slate” of movies that includes Avatar: Fire and Ash, The Odyssey, and Narnia, the analyst tells investors in a research note. JPMorgan views Imax as a live experience platform and premium consumer brand, “worthy of a greater valuation.”