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Just a few years ago, DreamWorks Animation (DWA) was a clear No. 2 animated movie studio behind Walt Disney’s (DIS) Pixar. Now after a string of box-office disappointments, it might not even rank fourth in the market. DreamWorks released its latest animated feature, “Mr. Peabody & Sherman,” on Friday to generally favorable reviews, but disappointing ticket sales. Cowen and Company analyst Doug Creutz on Monday lowered his estimates for the film and the company’s upcoming slate of films in a report titled, “‘Peabody’ Turns Out to Be Just Another Dog.” “‘Mr. Peabody and Sherman’ is off to a disappointing start,” Creutz said. “We are lowering our estimates for that film, but also for all future DWA original films, based on fact that the company has been piling up an increasingly alarming film body count over the past few years.” Creutz slashed his price target on DreamWorks to 21 from … Scalper1 News
Scalper1 News