The Globe and Mail reports in its Thursday, Jan. 30, edition that RBC Dominion Securities analyst Drew McReynolds has reaffirmed his "outperform" recommendation and $13 share target for Cineplex. The Globe's David Leeder writes that analysts on average target the shares at $13.58. The Globe says Mr. McReynolds sees an improving advertising environment providing a "constructive backdrop" across the Canadian media industry ahead of fourth quarter 2024 earnings season. Mr. McReynolds says in a note: "We believe a strengthened theatrical release window, added film supply from streaming platforms, resilient consumer demand, and renewed momentum within diversification businesses (location-based entertainment, media) have bolstered Cineplex's earnings power and visibility heading into a stronger box office in 2025 and 2026. At a FTM EV/EBITDA multiple of 7.3 times versus an historical range of six to 13 times and 7.5 times for Cinemark, we continue to see value in the shares and see value relative to peers given Cineplex's higher-growth and more diversified and differentiated asset mix, stronger competitive position, and potential for noncore asset sales, enhanced capital returns and/or strategic optionality."