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Fly News Breaks for November 3, 2016
ZNGA
Nov 3, 2016 | 07:43 EDT
Baird analyst Colin Sebastian noted Zynga reported better than expected Q3 results. The analyst said its performance was driven by improving monetization coupled with strength in games. Sebastian said Q3 trends were solid but Q4 looks to be soft due to a decrease in advertising bookings and minimal impact from its Dawn of the Titans game. Sebastian maintained his Neutral rating and $3 price target on Zynga shares.
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