DreamWorks (DWA) Sell Rating Maintained at Goldman Sachs

UPDATE: Cowen Downgrades DreamWorks Animation (DWA) to Underperform; Balance Sheet Looks Stretched, Analyst Says

(Updated - January 23, 2015 11:21 AM EST)

Cowen downgraded DreamWorks Animation (NASDAQ: DWA) from Market Perform to Underperform with a price target of $14.00 (from $21.00). Yesterday DreamWorks announced a restructuring plan. Analyst Doug Creutz noted poor trends, and importantly, he expressed concerns related to its balance sheet.

"Last night DWA articulated a new strategy to downsize to two animated... More

Piper Jaffray Upgrades DreamWorks Animation (DWA) to Overweight; Leaner And Meaner

Piper Jaffray upgraded DreamWorks Animation (NASDAQ: DWA) from Neutral to Overweight with a price target of $26.00 (from $22.00).

Analyst James Marsh commented, "We are upgrading the shares of DWA following the announcement of a substantial restructuring today under the guidance of... More

Janney Capital Downgrades DreamWorks Animation (DWA) to Sell

Janney Capital downgraded DreamWorks Animation (NASDAQ: DWA) from Neutral to Sell with a price target of $18.00 after the company announced a restructuring plan after the close.

Analyst Tony Wible commented, "DWA's latest restructuring will stress earnings and introduce another layer of... More

DreamWorks Animation SKG (DWA) Reports Restructuring, COO to Depart

On January 22, 2015, DreamWorks Animation SKG (NASDAQ: DWA) announced restructuring initiatives involving the Companys core feature animation business. In connection with the 2015 Restructuring Plan, the Company has also made changes in its senior leadership team and its feature film slate. The Company anticipates that the 2015 Restructuring Plan will result in a reduction of approximately 500 positions at the Company. The Company expects that the 2015 Restructuring Plan and related activities will result in pre-tax charges totaling approximately $290 million, of which approximately 75% is expected to be incurred in... More