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Fly News Breaks for December 28, 2015
GLUU
Dec 28, 2015 | 07:44 EDT
Craig-Hallum analyst Mitch Bartlett lowered Glu Mobile's price target to $4 from $7 and reduced estimates to reflect lowered expectations around Kate Perry, as well as mixed performance in core franchise titles. Bartlett remains Buy rated on Glue Mobile shares given several potential catalysts that include the Kendall and Kyle Jenner game launch in Q1, new Cie game launches in first half 2016, and the Tencent WeFire game launch in the U.S. in mid-2016.
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