Wedbush favors IMAX for focus on blockbuster content, global expansion

National CineMedia

07/04/2022 18:13

** In the media and entertainment space, Wedbush continues
to favor IMAX Corp  IMAX.N  for its ongoing global expansion,
focus on blockbuster content
    ** Believes IMAX has taken the biggest leap towards
procuring alternative content, such as digitally streaming
events to increase attendance, with IMAX LIVE
    ** Adds that AMC Entertainment  AMC.N  is well-positioned as
a theatrical exhibitor in the current environment as the
industry is poised for a rebound
    ** Wedbush expects continued volatility in shares of AMC and
believes that its stock will continue to trade above "what is
fundamentally warranted"
    ** Broker also favors Cinemark  CNK.N , for its disciplined
management team and available cash; Wedbush rates IMAX, AMC and
CNK with "outperform" rating
    ** YTD stock performance: AMC down ~30%, IMAX down 4.7%, CNK
off 3%

 (Reporting by Raechel Thankam Job)
 ((RaechelThankam.Job@thomsonreuters.com;))