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Fly News Breaks for July 11, 2019
ZNGA
Jul 11, 2019 | 08:47 EDT
Jefferies analyst Alex Giaimo assumed coverage of Zynga with a Buy rating and raised his price target for the shares to $7.50 from $7. As a mobile-first operator, Zynga is uniquely positioned to succeed within one of the fastest growing segments of gaming, Giaimo tells investors in a research note. Further, the company is less exposed to the "hits-driven" nature that's faced by the larger U.S. publishers, adds the analyst.
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