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Fly News Breaks for November 1, 2018
ZNGA
Nov 1, 2018 | 08:40 EDT
Zynga achieved a "major milestone" in Q3 by surpassing 20% adjusted EBITDA margin, reflecting the successful execution of the turnaround strategy, Jefferies analyst Timothy O'Shea tells investors in a post-earnings research note. He believes the company's record mobile and advertising bookings give confidence that its outlook for Q4 is conservative. The analyst keeps a Buy rating on Zynga with a $5.25 price target.
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