In a note released Wednesday, Topeka analyst David Miller upgraded Dream Works Animation SKG Inc. DWA from Sell to Hold and raised the price target from $22 to $25.
In the note Miller cited the firms correct call that Dream Works would suffer a "substantial write-down" on the release of Mr. Peabody & Sherman. However, Miller says management adequately addressed the issue during the conference call and were "generally pleased" coming away from the call.
Shares of Dream Works are trading up ~2 percent following the upgrade.
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