Market Currents
Dreamworks (DWA -5.6%) is downgraded to Sell from Neutral at Janney with a lowered price target...
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Wednesday, November 9, 2011, 9:49 AM ETDreamworks (DWA -5.6%) is downgraded to Sell from Neutral at Janney with a lowered price target of $12, based on disappointing early results from its Puss in Boots movie, potential cannibalization from its Netflix (NFLX) deal, and declining DVD sales. The Street is too optimistic about the rebound in Puss In Boots, and Janney questions the prospects of upcoming films.
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