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Stock Market & Financial Investment News

News Breaks
January 23, 2013
08:34 EDTDWADreamWorks price target lowered to $15 from $19 at Susquehanna
Susquehanna lowered its price target on DreamWorks following its write-down of Rise of the Guardians. The firm believes the recent write-down underscores that the company remains a film studio and film performance is the main earnings driver, which can skew the business model to the downside. Shares are Neutral rated.
News For DWA From The Last 14 Days
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April 19, 2015
17:43 EDTDWADreamWorks CEO downplays Chinese takeover speculation, Variety says
In an interview with Variety at the Beijing International Film Festival, DreamWorks (DWA) CEO Jeffrey Katzenberg said he does not believe the company is headed towards a takeover by a Chinese firm. "We are a minority owner in a joint venture here, and I think that is the most successful structure to do business here in China today... We’re very comfortable with that arrangement," said Katzenberg. Variety notes that there was speculation late last year of takeover talks with Alibaba (BABA) or Wanda. Reference Link

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