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Fly News Breaks for August 5, 2016
ZNGA
Aug 5, 2016 | 07:19 EDT
Jefferies analyst Brian Pitz views Zynga's outlook for Q3 ads "overly conservative." The company's user metrics by year-end could begin to inflect upwards for the first time in years, Pitz tells investors in a post-earnings research note. He believes the stock's risk/reward looks attractive at current levels and keeps a Buy rating on Zynga with a $5 price target.
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