As previously reported, Stephens analyst Jeff Cohen upgraded Zynga to Overweight from Equal Weight, stating that the continued acceleration of recent acquisitions and the fact that Social Casino could be poised for a second half re-acceleration give him additional confidence in Zynga's live service portfolio. His sum-of-the-parts analysis indicates that at current prices investors are "getting a nearly free call option on the company's robust new game slate and likely accretive M&A," said Cohen, who raised his price target on Zynga shares to $8.25 from $6.50. His industry contacts indicate that Zynga's reputation as a place where game creators want to go work has "vastly improved," Cohen added.