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Drewamworks (DWA -2.1%) is missing out on today's rally after Goldman downgrades shares to Sell,...
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Tuesday, January 17, 2012, 10:25 AM ETDrewamworks (DWA -2.1%) is missing out on today's rally after Goldman downgrades shares to Sell, and lowers its PT to $15. The firm is worried about preliminary data indicating Q4 DVD sales of Kung Fu Panda 2 were 30% below its prior forecast, as well as weak box office revenue for Puss in Boots. Moreover, Goldman sees the former as indicative of a "secular shift" in DVD demand.
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