Dominick & Dominick initiated coverage on Digital Cinema Destinations DCIN with a Buy rating and a $7.50 price target.
Dominick & Dominick said, "The company is a fast-growing motion picture exhibitor focused on acquiring theaters in top markets and transforming them into interactive digital entertainment centers. We believe that the industry is in the midst of a multi-year consolidation cycle and that Digiplex is well positioned to take advantage of it. In addition, the company is taking full advantage of the benefits of a digital conversion, especially through the showing of Alternative Content."
Digital Cinema Destinations closed at $5.19 on Monday.
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