The Globe and Mail reports in its Tuesday edition that Scotia Capital analyst Maher Yaghi continues to rate Cineplex "sector outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi knocked his share target back by a loonie to a Street-low of $10. Analysts on average target the shares at $12.58. Mr. Yaghi says in a note: "Many movies that were slated to be released in 2024 got pushed out to 2025 due to the Hollywood strike as movie production was shut down for months. While movies are starting to come out again, the industry still has not recovered from that air pocket. We expect the pace of movie releases to return to a better rhythm late this year. The industry is also suffering from a lack of quality in the movies released to date. In 2022 and 2023, the average movie release was able to garner more revenues than in 2019, while this year, the average movie is trailing 2019 levels by 25 per cent. Hence, the combination of a lower number of movie releases and a weaker quality in released movies is causing a significant drag to box office revenues to date. ... We expect the current deep discount to peers to diminish as investors gain confidence in the sustainability of financial results."