Barrington raised its price target on IMAX to $60 from $50 and maintained its Outperform rating. The move suggests a bullish outlook on the company’s future performance. The average analyst price target for IMAX is $59.15.
A separate analysis published the same day rated IMAX’s growth and profitability 8/10 in each category. Earnings per share grew 63.37% over the past year. Revenue increased 14.79%. The analysis expects future EPS and revenue growth to decelerate from their recent high pace.