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

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

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.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!