Guardians Creates Turning Point for DreamWorks Animation (DWA)
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Price: $40.97 --0%
Rating Summary:
3 Buy, 6 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
3 Buy, 6 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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Analysts at Janney Montgomery Scott upgraded DreamWorks Animation SKG, Inc. (Nasdaq: DWA) to Neutral today. Analyst said they see it benefiting from a broader film slate, negative cost savings, domestic TV fee savings, and a possible TV network.
Analyst also said they think the company will see positive strategic benefits tied to the News Corp. (Nasdaq: NWSA) relationship, the acquisition of Classic Media, and the Oriental DreamWorks (ODW) partnership. It may also be poised to deliver a hit film with The Guardians.
“We see a trading opportunity around the Guardians and an inflection point in earnings growth as reasons to upgrade DWA to Neutral from Sell,” said analyst Tony Wible.
“Initial interest in The Guardians could set it up for a much needed hit, while earnings should start to benefit from the collective of a new video game cycle, NetFlix (Nasdaq: NFLX) cost savings under the new NWSA deal, lower negative cost, and long term initiatives around a broader film slate, potential TV network, and ODW,” added Wible.
Janney raised their price target on DreamWorks to $19.00 (from $14.50).
For an analyst ratings summary and ratings history on DreamWorks Animation click here. For more ratings news on DreamWorks Animation click here.
Shares of DreamWorks Animation closed at $17.71 yesterday.
Analyst also said they think the company will see positive strategic benefits tied to the News Corp. (Nasdaq: NWSA) relationship, the acquisition of Classic Media, and the Oriental DreamWorks (ODW) partnership. It may also be poised to deliver a hit film with The Guardians.
“We see a trading opportunity around the Guardians and an inflection point in earnings growth as reasons to upgrade DWA to Neutral from Sell,” said analyst Tony Wible.
“Initial interest in The Guardians could set it up for a much needed hit, while earnings should start to benefit from the collective of a new video game cycle, NetFlix (Nasdaq: NFLX) cost savings under the new NWSA deal, lower negative cost, and long term initiatives around a broader film slate, potential TV network, and ODW,” added Wible.
Janney raised their price target on DreamWorks to $19.00 (from $14.50).
For an analyst ratings summary and ratings history on DreamWorks Animation click here. For more ratings news on DreamWorks Animation click here.
Shares of DreamWorks Animation closed at $17.71 yesterday.
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