The Globe and Mail reports in its Friday, March 8, edition that Scotia Capital analyst Maher Yaghi has reaffirmed his "sector outperform" recommendation for Cineplex. The Globe's David Leeder writes that Mr. Yaghi gave his share target a 25-cent boost to $11.25. Analysts on average target the shares at $12.88. The Globe says Mr. Yaghi believes that Cineplex's recent debt refinancing is positive for the company and provides flexibility to operate the business when free cash flow generation should be more predictable. Mr. Yaghi says in a note: "We continue to believe that the shares are undervalued. Delivering steady results and continued deleveraging over the coming months should position the company to potentially reintroduce a dividend in 2025 providing multiple catalyst opportunities for share appreciation. Overall, we expect the second half of 2024 to show much stronger growth as the movie release schedule continue to improve. ... Management highlighted that consumers continue to want the best theatre experience and are therefore willing to pay premiums for top value. ... For now, we are not forecasting any dividend payments for F2024, but sometime in 2025, we could see management announce a reinstatement."