Goldman Sachs Group Inc. (NYSE: GS) analysts boosted their price target on shares of DreamWorks Animation SKG, Inc. (NYSE: DWA) from $35 to $36, following better than expected second-quarter results and an accelerated stock share repurchase plan while maintaining a buy rating on the stock in a research note to investors on Wednesday.

DreamWorks Animation SKG, Inc. (DreamWorks Animation) is engaged in the development, production and exploitation of animated films and characters in the worldwide theatrical, home entertainment, television, merchandising, and licensing and other markets. The Company’s films are distributed in theatrical, home entertainment and television markets on a worldwide basis by Paramount Pictures Corporation. During the year ended December 31, 2009, the Company has released a total of 18 animated feature films including Shrek the Third, Shrek 2 and Madagascar. Its wholly owned subsidiary is DreamWorks Animation Home Entertainment, L.L.C.

Shares of DWA traded down 2.93% hitting $31.14 during mid-day trading on Wednesday.