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Fly News Breaks for March 30, 2015
DWA
Mar 30, 2015 | 05:49 EDT
Piper Jaffray says it expects DreamWorks to build a franchise around "Home" after the movie's $54M opening weekend came in "surprisingly strong." Piper expects the film to "materially outperform" its expectations and gross above $150M. It also believes the strong opening weekend should help ease investor concerns around the health of DreamWorks' distribution deal with Fox and its balance sheet. Piper remains a buyer of the stock with an Overweight rating and $26 price target.
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