UPDATE: Ascendiant Capital Markets Reiterates on DreamWorks Animation SKG on Strong Outlook

In a report published Thursday, Ascendiant Capital Markets analyst Marla Backer reiterated a Buy rating on DreamWorks Animation SKG (NASDAQ: DWA ), and raised the price target from $32.00 to $38.00. In the report, Ascendiant Capital Markets noted, “DVD sales and rental data indicate that the company's titles have performed