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Fly News Breaks for January 6, 2020
GLUU
Jan 6, 2020 | 16:16 EDT
SunTrust analyst Matthew Thornton initiated coverage of Glu Mobile with a Buy rating and $7.50 price target. The company provides pure-play exposure to the "large and growing" global mobile gaming market with its growing game portfolio and experienced management team, Thornton told investors in a research note. Along with a "strong" pipeline, the company has a healthy balance sheet and acquisition track record, added the analyst. Thornton sees upside to consensus expectations for Q4 and 2020.
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