Dragon sequel opened softer than expected, says Piper Jaffray Piper Jaffray says the opening of the How to Train Your Dragon sequel came in 30%-40% below consensus expectations. The firm keeps an Underweight rating on shares of DreamWorks Animation as it sees a "rich" valuation and a downward bias to estimates.
DreamWorks August weekly volatility elevated into Q4 and outlook DreamWorks August weekly call option implied volatility is at 68, August is at 48, September is at 43; compared to its 52-week range of 29 to 70, suggesting large near term price movement into the expected release of Q2 results on August 4.
DreamWorks upgraded to Market Perform from Underperform at FBR Capital FBR Capital analyst Barton Crockett upgraded DreamWorks (DWA) to Market Perform saying growth from licensing more TV shows to Netflix (NFLX) should offset increased competition in core feature films. Crockett raised his price target for shares to $26.