After an analyst upgrade, shares of DreamWorks Animation stock rose yesterday, according to the Associated Press. Sanders Morris Harris Group analyst David W. Miller upgraded the company’s stock from”Hold” to “Buy” stating that the price was “too compelling to ignore”. Saying that “investors should now concentrate on 2007”, Miller pointed to several items on the horizon which could mean good things for DreamWorks investors such as Flushed Away and Shrek 3 earnings from box office and home video and “greater visibility for its pay television and broadcast television schedule”. Miller also suggests a buyout of principal owner Paul Allen may be in the cards next year as well.
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