Goldman Sachs Downgrades DreamWorks Animation (DWA) to Sell, Cites Weak 'Kung Fu Panda 2' DVD Sales

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Goldman Sachs downgraded DreamWorks Animation (NASDAQ: DWA) from Neutral to Sell with a price target of $15, suggesting 14% downside.

The firm cited disappointing "Kung Fu Panda 2" home video sales and "Puss in Boots" US box office. Preliminary Kung Fu Panda 2 DVD sales suggest 4.5 million units globally in Q4, which was 30% below their estimate.

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 $17.48 yesterday, with a 52 week range of $16.34-$30.73.

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