BTIG Starts DreamWorks Animation (DWA) at Sell; Believe Shares are Overvalued with 2011 Consensus Expectations Too High
Tweet Send to a FriendGet Alerts DWA Hot Sheet
Price: $21.74 --0%
Rating Summary:
2 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
2 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade DWA Now!
BTIG initiates coverage on DreamWorks Animation (NASDAQ: DWA) with a Sell.
BTIG analyst says, "While DreamWorks is doing its best to maximize profitability in today’s movie business (focusing on family-friendly content, developing franchises that can be exploited across multiple business lines and leveraging premium 3D pricing to increase theatrical profits), the underlying economic realities of the film industry are pressuring profitability. Consumers simply are not as interested in owning movie content the way they were several years ago. Consumer spending on home entertainment purchases was down 5% in the first half of 2010 and we believe it worsened in Q3."
For more ratings news on DreamWorks Animation click here and for the rating history of DreamWorks Animation click here.
Shares of DreamWorks Animation closed at $33.78 yesterday, with a 52 week range of $26.61-$44.77.
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
BTIG analyst says, "While DreamWorks is doing its best to maximize profitability in today’s movie business (focusing on family-friendly content, developing franchises that can be exploited across multiple business lines and leveraging premium 3D pricing to increase theatrical profits), the underlying economic realities of the film industry are pressuring profitability. Consumers simply are not as interested in owning movie content the way they were several years ago. Consumer spending on home entertainment purchases was down 5% in the first half of 2010 and we believe it worsened in Q3."
For more ratings news on DreamWorks Animation click here and for the rating history of DreamWorks Animation click here.
Shares of DreamWorks Animation closed at $33.78 yesterday, with a 52 week range of $26.61-$44.77.
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
You May Also Be Interested In
- Topeka Capital Starts Laredo Petroleum (LPI) at Buy, Assets 'Undervalued'
- BTIG Starts Ambac Financial (AMBC) at Buy, Interesting Play with 'Optionality'
- DreamWorks Animation Makes Mobile History With the Turbo Racing League App and the $1,000,000 Shell-Out
Create E-mail Alert Related Categories
New Coverage
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
