The Globe and Mail reports in its Friday edition that Canaccord Genuity analyst Aravinda Galappatthige is sticking with his "buy" call on Cineplex. The Globe's David Leeder writes that Mr. Galappatthige, however, gave his share target a $3 trim to $11. Analysts on average target the shares at $13.08. Mr. Galappatthige says in a note: "The box office results for Q1/25 came in notably lower than expected totalling $101.9-million, compared to our original projection of $130.1-million, 65 per cent of prepandemic levels (2019). This shortfall was primarily due to weaker performance in March, where box office sales were down 50 per cent year-over-year. On a positive note, Q2 could see better trends, led by Minecraft's strong box office opening earlier this month. Combined with a robust upcoming slate -- Thunderbolts, Mission: Impossible -- The Final Reckoning, Lilo & Stitch, Karate Kid: Legends, Ballerina, How to Train Your Dragon, Elio and F1 -- we expect a robust performance in Q2. Factoring in the above, we have made downward revisions to our estimates." The Globe reported on Jan. 19, 2023, Feb. 9, 2023, and Jan. 17, 2025, that Mr. Galappatthige rated Cineplex "buy" when it was worth $7.92, $8.91 and $10.98.