IMAX slides on global box concerns

• IMAX (NYSE:IMAX) ended the day down over 7% due to concerns on global box office revenue.
• MKM Partners says IMAX's quarter-to-date global box office revenue is about $131M, a slower pace than what is needed to hit the firm's estimate of $284M for the full three-monthe period.
• MKM still has IMAX rated at Buy with a price target of $40 (+24% upside).