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Fly News Breaks for January 6, 2020
ZNGA
Jan 6, 2020 | 16:13 EDT
SunTrust analyst Matthew Thornton initiated coverage of Zynga with a Buy rating and $7.50 price target. The company's provides pure-play exposure to the "large and fast growing" global mobile gaming market, Thornton tells investors in a research note. Along with a "healthy" existing portfolio, Zynga has a "strong" pipeline, adds the analyst. As a result, Thornton expects upside to consensus expectations over the next several years.
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