The Globe and Mail reports in its Friday, May 10, edition that Scotia Capital analyst Maher Yaghi has reaffirmed his "sector outperform" call for Cineplex. The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi gave his share target a 25-cent trim to $11. Analysts on average target the shares at $12.79. Mr. Yaghi says in a note: "Overall results were in-line with expectations however Q2 is starting on a slightly weaker than expected note as April revenues were only 48 per cent of their 2023 levels due to weaker film release schedule as timelines got pushed out due to the Hollywood strike. As we discussed in previous notes we continue to expect 1H24 results to lag given the lower release movie schedule however we see improvement in the second half taking shape. The company is in a stronger position now to benefit from improving theatre attendance given its lower cost structure vs prepandemic. In addition to movies theaters, management is planning to slowly expand the Rec Rooms over the coming years, a strategy that we believe is well suited to benefit from continued strong consumer demand. Overall the weak start to Q2 will likely weigh on the stock until we see improved performance."