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Stock Market & Financial Investment News

News Breaks
February 6, 2013
10:49 EDTDWA, NWSADreamWorks Animation sinks after postponing film release
Shares of DreamWorks Animation (DWA) are falling after the company announced last night that it would delay the U.S. release of its film, Mr. Peabody & Sherman, until March 7, 2014. The film had previously been scheduled to be released on November 1, 2013. The company said that it made the decision based on advice from the film's distributor, News Corp's (NWSA) Twentieth Century Fox. Meanwhile, additional work will be performed on another film, Me & My Shadow, which was scheduled to be released in March 2014, DreamWorks added. Piper Jaffray analyst James Marsh responded to the news by downgrading DreamWorks' stock to Neutral from Overweight. The delay in the release of Mr. Peabody & Sherman leaves the company with only two films this year rather than three as previously planned, and will highlight the weaker than expected performance of another DreamWorks film, The Croods, wrote Marsh. The analyst placed an $18 price target on the shares, which fell $1, or 6%, to $16.41 in mid-morning trading.
News For DWA;NWSA From The Last 14 Days
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September 16, 2014
07:27 EDTDWABofA/Merrill to hold a conference
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September 10, 2014
11:04 EDTNWSANews Corp says can not predict future of advertising in U.S., UK
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