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Fly News Breaks for May 2, 2019
ZNGA
May 2, 2019 | 08:47 EDT
Benchmark analyst Mike Hickey said after Zynga's better than expected Q1 results that he that is encouraged by its expanding live service game portfolio and accelerated growth, adding that he believes the company's long term operating margins can exceed 30%. Following the earnings report, Hickey raised his price target on Zynga shares to $8 from $5 and reiterates a Buy rating on the stock.
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