DreamWorks Animation share downgraded from neutral to sell

by Thomas | June 12, 2008 9:02 am

DreamWorks Animation SKG was downgraded[1] today to sell from neutral at UBS Investment Research, which said the current share price implies domestic box office receipts for future films above the historical average. The share price, driven up by enthusiasm over Kung Fu Panda implies the company will average domestic box office receipts of $202 million for all future films, above the historical average including the highly successful Shrek franchise. The company’s last five films have averaged $191 million in the domestic box office. UBS, however, raised its price target for DreamWorks to $29 from $27 to reflect the bigger-than-expected success of Kung Fu Panda and the higher estimated theatrical and home video revenue and profit from the film.

Source URL: https://animatedviews.com/2008/dreamworks-animation-share-downgraded-from-neutral-to-sell/

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