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Fly News Breaks for September 18, 2019
ZNGA
Sep 18, 2019 | 06:17 EDT
JPMorgan analyst David Karnovsky assumed coverage of Zynga with a Neutral rating and December 2020 $7 price target. In a growing global market, Zynga offers a relatively stable base of mobile games and an attractive platform for acquisitions, Karnovsky tells investors in a research note. However, he believes the bull case is partly reflected in shares, which are up 54% year-to-date.
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