IMAX Corp, Warner Bros Pictures Announced Harry Potter and t

Financial News Network
July 15, 2011 AT 12:47 AM
IMAX Corp. (NASDAQ:IMAX) and Warner Bros. Pictures announced that Harry Potter and the Deathly Hallows - Part 2, which is the final installment of the blockbuster film series based on the books by J.K. Rowling, will open in a record number of theatres day-and-date starting July 13 in several international markets and domestically July 15.Harry Potter and the Deathly Hallows - Part 2: An IMAX 3D Experience marks the largest release for the company with a total of 423 global theatres confirmed to date. It will open in 395 IMAX locations as of this weekend.Imax has a potential upside of 31.3% based on a current price of $28.49 and an average consensus analyst price target of $37.4.