IMAX Corp. (NYSE:IMAX) on Thursday reported upbeat second-quarter results.The company posted adjusted earnings of 43 cents per share, beating the analyst consensus estimate of 28 cents, according to Benzinga Pro. That was up from 26 cents per share a year earlier. Revenue increased to $102.8 million from $91.7 million a year ago, exceeding analysts’ estimate of $93.7 million.Looking ahead, IMAX expects a strong second-half film slate, including Dune: Part Three, Spider-Man: Brand New Day in China, Japan and South Korea, Tom Cruise’s Digger, and the exclusive theatrical release of Netflix’s Cliff Booth project.IMAX shares rose 1.1% to $44.43 in pre-market trading.These analysts made changes to their price targets on IMAX following earnings announcement.
Wedbush analyst Alicia Reese maintained the stock with an Outperform rating and raised the price target from $46 to $54.
Rosenblatt analyst Steve Frankel maintained the stock with a Buy and raised the price target from $47 to $50.
