Markets & Finance

Bof A Keeps Neutral on Pixar

Bank of America maintains its neutral rating for Pixar (PIXR)

Analyst Michael Savner says "The Incredibles" posted an impressive $70.7 million in itsopening weekend, in line with his expectations. He says based on previous animated hits, "The Incredibles" is on track to gross about $300 million at the domestic box-office, 10% more than his $275 million estimate.

Although the debut is almost identical to the debut of "Finding Nemo", he believes Incredibles may ultimately fall short of Nemo's $340 million gross because it will not benefit from same number of repeat viewings. He anticipates an increased volatility in shares over next few weeks. He keeps a $76 12-month target.

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