Stifel analyst, Benjamin Mogil, reiterates a Buy rating on IMAX Corporation (USA) (NYSE:IMAX) with a price target of $45.00, following the company’s announcement of an incremental 150 screen deal with Wanda. The analyst explains that some investors were skeptical of an incremental deal with Wanda. The analyst notes that the “new deal term and take rates are largely in-line with the prior deal’s current economics.”
According to TipRanks, the analyst is ranked #2,791 of 4,083 analysts. He maintains a success rate of 40% and realizes an average loss of (0.2%).