Despite efforts to sway officials in China, IMAX confirms that The Dark Knight Rises and The...

|About: IMAX Corporation (IMAX)|By:, SA News Editor

Despite efforts to sway officials in China, IMAX confirms that The Dark Knight Rises and The Amazing Spider-Man will be released on the same day in the nation. Piper Jaffray says the development will impact the company's global Q3 box office haul, but keeps its Overweight rating and $32 price target in place on the firm's long-term potential. Also impacted to a degree by the dual release: Sony (SNE -1.2%) and Time Warner (TWX +0.1%).