Janney Montgomery Scott Maintains a 'Sell' on DreamWorks (DWA); Madagascar Bucks the Trend, But...
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Price: $24.31 --0%
Rating Summary:
2 Buy, 5 Hold, 6 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 4 | Down: 5 | New: 6
Rating Summary:
2 Buy, 5 Hold, 6 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 4 | Down: 5 | New: 6
Trade DWA Now!
Janney Montgomery Scott maintains a 'Sell' on DreamWorks Animation (NASDAQ: DWA) price target of $15.00 (from $13.00).
Analyst, Tony Wible, said, "We Rate DWA SELL, as we are concerned about the decay in film performance, FX headwinds, and the possible cannibalization from the NFLX deal. These concerns are exacerbated by the steep decline in DWA's DVD sales but are partly tempered by better international demand, the near term boost from Netflix (Nasdaq: NFLX) catalog sales, strong non-film performance, and the potential for self-distribution savings in 2013. On balance, we believe estimates still need to move lower and see the risk/reward on the stock in favor of a Sell rating. However, Madagascar's stronger open does lead us to increase estimates and our fair value to $15 from $13."
Raises FY12/13 EPS estimate by $0.01 each to $0.77 and $1.17, respectively.
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 $18.01 yesterday, with a 52 week range of $16.34-$22.38.
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Analyst, Tony Wible, said, "We Rate DWA SELL, as we are concerned about the decay in film performance, FX headwinds, and the possible cannibalization from the NFLX deal. These concerns are exacerbated by the steep decline in DWA's DVD sales but are partly tempered by better international demand, the near term boost from Netflix (Nasdaq: NFLX) catalog sales, strong non-film performance, and the potential for self-distribution savings in 2013. On balance, we believe estimates still need to move lower and see the risk/reward on the stock in favor of a Sell rating. However, Madagascar's stronger open does lead us to increase estimates and our fair value to $15 from $13."
Raises FY12/13 EPS estimate by $0.01 each to $0.77 and $1.17, respectively.
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 $18.01 yesterday, with a 52 week range of $16.34-$22.38.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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