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DreamWorks Animation (DWA) Stock Downgraded at Pacific Crest

NEW YORK (TheStreet) -- Before Friday's market open, DreamWorks Animation (DWA - Get Report) stock was downgraded to "sector weight" from "overweight" at Pacific Crest.

Shares of Glendale, CA-based DreamWorks rallied on Thursday after the animated films studio agreed to be acquired by Comcast (CMCSA) for about $3.8 billion.

"We believe there were multiple bidders and that Comcast's bid was the most competitive," Pacific Crest analysts wrote in a note this morning. "We do not anticipate any other factors that could drive DWA shares higher."

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