The Globe and Mail reports in its Thursday, April 10, edition that National Bank Financial analyst Adam Shine is keeping his "outperform" call on Cineplex intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shine gave his share target a $1.50 trim to $13.50. Analysts on average target the shares at $13.58. Mr. Shine cut his full-year forecast following Tuesday's release of disappointing first quarter box office results. Mr. Shine says in a note: "The 2025 box office was expected to see a slow start and build traction with more appealing product post Q1, but a deeper hole was dug in March which not only faced a tough comp but was materially impacted by the poor results of Snow White. After seeing January flat year-over-year and February up 24 per cent, March came in down 50 per cent, with Q1 box office down 18.5 per cent and 65 per cent of 2019. BoxOfficeMojo and Comscore had North American Q1 box office down 11.6 per cent and down 13 per cent. ... We now forecast Cineplex's Q1 revenues fall 10 per cent to $266-million (consensus estimate $299-million), adj. EBITDA down $9.4-million vs. $4.6-million, and adjusted EBITDA down 28 per cent to $34-million."