Dreamworks (DWA): Renewed Optimism Creates Selling Opportunity
By:
Wall Street Pit
Janney’s Tony Wible is dealing a potential death blow to Dreamworks Animation SKG (NYSE:DWA) downgrading the name to Sell from Hold while lowering his price target to Street low of $12. According to Wible they are increasingly concerned about the decay in franchise film performance, the possible cannibalization from the NFLX deal, the weak open [...]
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