UPDATE: Topeka Upgrades Dream Works; Raises Price Target

In a note released Wednesday, Topeka analyst David Miller upgraded Dream Works Animation SKG Inc.

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

. 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.