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Fly News Breaks for January 8, 2020
GLUU
Jan 8, 2020 | 11:48 EDT
Before the open, Stephens analyst Jeff Cohen downgraded Glu Mobile to Equal Weight from Overweight with a price target of $5.50, down from $7.00, as he said there has not been substantial improvement from Disney Sorcerer's Arena in the game's soft launch and he believes buyside expectations for the game are still too high. He also cited worsening Cost Per Install trends and the fact that Diner Dash has declined "significantly."
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