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Fly News Breaks for February 6, 2020
ZNGA
Feb 6, 2020 | 05:39 EDT
Piper Sandler analyst Michael Olson raised his price target for Zynga to $8 from $7.25 saying the company reported strong Q4 bookings and adjusted EBITDA above consensus. He believes management is likely baking in a "healthy level of conservatism" with its below consensus fiscal 2020 outlook. Olson maintains an Overweight rating on the shares.
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