The Globe and Mail reports in its Tuesday, May 13, edition that RBC Capital Markets analyst Drew McReynolds has reiterated his "sector perform" recommendation for Cineplex. The Globe's David Leeder writes in the Eye On Equities that Mr. McReynolds boosted his share target by a loonie to $14. Analysts on average target the shares at $13.25. 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 [forward 12-month] EV/EBITDA multiple of seven times versus an historical range of six to 13 times, 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 non-core asset sales, enhanced capital returns and/or strategic optionality. While media and location-based entertainment are not immune to rising economic headwinds, theatrical exhibition has historically proven resilient."