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Fly News Breaks for June 15, 2018
GLUU
Jun 15, 2018 | 04:58 EDT
Piper Jaffray analyst Michael Olson started Glu Mobile with an Overweight rating and $7.50 price target. The analyst sees a path to continued multiple expansion and margin improvement now that management has reduced the company's dependence on new and licensed content and improved and cost containment. He expects double digit bookings growth in both 2018 and 2019.
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