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Fly News Breaks for March 30, 2017
SSNLF, APPS
Mar 30, 2017 | 08:31 EDT
As previously reported, Roth Capital analyst Brian Alger upgraded Digital Turbine (APPS) to Buy from Neutral saying numerous signs indicate that the fundamental risk to its story has been "dramatically reduced." The analyst notes that meetings at Mobile World Congress as well as his annual conference lead him to believe the strategic positioning remains as strong, if not stronger, than ever. With the March quarter effectively complete, and the launch of Samsung's (SSNLF) Galaxy S8 now confirmed for April 21st, Alger sees "substantially more" upside potential than risk. He also raised his price target on Digital Turbine's shares to $1.30 from $1.10.