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Fly News Breaks for August 3, 2016
GLUU
Aug 3, 2016 | 07:57 EDT
Northland analyst Jeff Houston downgraded Glu Mobile to Market Perform from Outperform after the company lowered 2016 guidance due to declining legacy-portfolio revenue, two games slipping into 2017 and weakness with two other current games. Houston cut his price target on the stock to $2.25 from $2.70.
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