Monday, June 23, 2014

Stock Down

More Wall Street disappointment.

... B. Riley’s Eric Wold cut his domestic forecast [for How To Train Your Dragon 2] by 36% to $175M, and his international by 20% to $400M. As a result, the analyst trimmed his target price for DreamWorks Animation shares from $37 to $32. He cut his revenue estimate for the company’s current fiscal year by 5.5%, and cash flow forecast by 14.8% to $109M.

Maybe I'm delusional, but I still think the picture's domestic take nudges $200 million and the world wide accumulation ends up at $600+ million.


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