 | |||
|
 |
home | contact us | site map | français | bmo.com | harris | careers | |
|
Your ambition achieved. TM |
||
U.S. Equity Research News
Logsdon Upgrades DreamWorks Animation (DWA) to OUTPERFORM from MARKET PERFORM
October 28, 2009
Jeffrey Logsdon, senior research analyst covering the Entertainment industry, has today upgraded DreamWorks Animation (DWA) to an OUTPERFORM rating from MARKET PERFORM.
From Logsdon’s note: “DreamWorks Animation will release three films in 2010 (including Shrek 4), likely restructure its distribution agreement with Paramount to more advantageous financial terms in the next few quarters, is expanding its production output (film and television), and continues to use its cash and free cash flow to decapitalize the company. We believe these factors should enable an enhanced equity valuation. We also believe DWA is migrating to growth stock status from glamour cyclical, which should drive a higher valuation multiple on its earnings and broaden its investor base.”
To receive a full copy of the report or for more information, please contact your BMO Capital Markets representative.
<< Previous
Full List of News Items
Quick Links
|
privacy | legal | security | |  |
©
2010
BMO Capital Markets Corp.
|
|
|
