UPDATE: Ascendiant Capital Initiates Coverage on IMAX Corporation on Multiple Upside Drivers

In a report published Tuesday, Ascendiant Capital Markets analyst Marla Backer initiated coverage on IMAX Corporation (NYSE: IMAX ) with a Buy rating and $32.00 price target. In the report, Ascendiant Capital Markets noted, “IMAX has become a key premium technology in the exhibitor industry, in our view. Since the