IMAX volatility at record lows, shares near 10-month low IMAX June call option implied volatility is at 25, September and December is at 26; compared to its 26-week average of 31 according to Track Data, suggesting decreasing price movement.
IMAX upgraded to Buy from Hold at Canaccord Canaccord upgraded IMAX to Buy and increased its price target to $38 from $35. The firm sees reduced risk of a 2015 earnings miss and believes Q1 will either meet or beat its expectations. Canaccord said Furious 7 had a very strong opening weekend and is now expected to generate just under $400M domestically, above the $240M expected two months ago. Canaccord said IMAX shares now trade at a discount and suspects the IPO of IMAX China could occur sooner than expected.