UbiSoftologist
Member
Prudential Equity Group believes that Pixar will release 2 films per year from 2009. This is good news for Pixar fanboys.
Source: Forbes (link )
Source: Forbes (link )
Prudential Equity Group upgraded Pixar to "overweight" from "neutral weight" and raised the price target to $75 from $40. "[O]ur price target increases regardless of whether or not Pixar strikes a deal with The Walt Disney Co.," the research firm said. "We think that a renewed distribution deal is possible, based on what we believe to be a small economic difference between what both Pixar and Disney will want versus what they can actually live with." Prudential also increased its earnings-per-share estimate for fiscal 2006 to $1.15 from 86 cents. The research firm cited two reasons for upgrading the stock: higher box office estimates and the assumption that Pixar will begin releasing more than one film per year. "Specifically, we've assumed that starting in [2009], Pixar will release two films per year, every other year," Prudential said.