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Fly News Breaks for October 2, 2015
GLUU
Oct 2, 2015 | 08:01 EDT
Canaccord analyst Michael Graham said the firm's monthly analysis of Glu Mobile's game performance showed that new games launched late in Q3 are off to slow starts, but that the existing core game portfolio has held and even improved. Following the checks, the firm still sees modest upside to its Q3 bookings estimate, but said that may be tempered by the new game launches. Canaccord keeps a Buy rating and $9 price target on Glu shares.
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