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UPDATE: Ascendiant Capital Markets Reiterates on DreamWorks Animation SKG on Strong Outlook

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In a report published Thursday, Ascendiant Capital Markets analyst Marla Backer reiterated a Buy rating on DreamWorks Animation SKG (NASDAQ: DWA), and raised the price target from $32.00 to $38.00.

In the report, Ascendiant Capital Markets noted, “DVD sales and rental data indicate that the company's titles have performed strongly in home entertainment and we believe the 2014 theatrical slate looks solid. We are therefore raising our price target on DWA shares from $32 to $38, which equates to an EV/2013E EBITDA multiple of 13X.”

DreamWorks Animation SKG closed on Wednesday at $33.44.

Latest Ratings for DWA

DateFirmActionFromTo
Apr 2015FBR CapitalMaintainsUnderperform
Mar 2015B RileyDowngradesBuyNeutral
Jan 2015B RileyUpgradesNeutralBuy

View More Analyst Ratings for DWA
View the Latest Analyst Ratings

Posted-In: Ascendiant Capital Markets Marla BackerAnalyst Color Price Target Analyst Ratings

 

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