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Stock Market & Financial Investment News

News Breaks
March 31, 2014
13:33 EDTCKEC, IMAX, CNK, AMC, RGCIMAX climbs after JPMorgan recommends buying shares
Shares of IMAX (IMAX) rising after JPMorgan recommended buying the stock following its recent decline. WHAT'S NEW: After meeting with IMAX's management, JPMorgan thinks the stock has reached an attractive entry point after dropping 11% in 2014, prior to today's open. Investing in IMAX is the best way to benefit from what should be a strong year for movies in 2015, the firm contended. IMAX is poised to benefit from its focus on the largest films, and from strong demand for movies in China and other emerging markets, the firm predicted. JPMorgan increased its first quarter estimates for IMAX, citing strong performances by "Noah," "Captain America," and "Need for Speed." JPMorgan reiterated an Overweight rating on IMAX. WHAT'S NOTABLE: Other movie theater operators include Regal Entertainment (RGC), Cinemark (CNK), Carmike (CKEC), and AMC (AMC). PRICE ACTION: In mid-afternoon trading, IMAX rose 88c, or 3.3%, to $27.20.
News For IMAX;RGC;CNK;CKEC;AMC From The Last 14 Days
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January 26, 2015
10:00 EDTIMAXOn The Fly: Analyst Initiation Summary
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08:48 EDTIMAXIMAX initiated with a Buy at Rosenblatt
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January 16, 2015
10:01 EDTRGCOn The Fly: Analyst Downgrade Summary
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08:42 EDTRGCRegal Entertainment downgraded at Stifel
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06:21 EDTRGCRegal Entertainment downgraded to Hold from Buy at Stifel
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January 15, 2015
16:33 EDTRGCRegal Entertainment determines sale of company not in best interest of holders
Regal Entertainment announced that its board, in the course of its examination of strategic alternatives and with the advice of Morgan Stanley after a thorough market review, has determined that a sale of the company would not be in the best interest of its shareholders at this time. The board, consistent with its fiduciary duties, remains committed to evaluating any alternatives that would enhance shareholder value but does not plan to make additional comments on those alternatives unless it becomes appropriate.
16:32 EDTRGCRegal Entertainment will not sell company
07:31 EDTIMAXIMAX a Top Idea for 2015 at MKM Partners
MKM Partners named IMAX a Top Idea for 2015 and expects it to be a breakout year for the company due to a strong film slate, expanding China presence, and cost containment that will drive revenue growth and margin expansion. Shares are Buy rate with an increased price target of $36 from $34.
January 14, 2015
07:11 EDTAMCAMC Entertainment price target raised to $33 from $24 at Citigroup
Citigroup raised its price target for AMC Entertainment shares to $33 saying a strong film slate in 2015 should drive the U.S. box office over $11B, up 7.6% from 2014. Citi sees upside to AMC shares and keeps a Buy rating on the name.

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