Fly News Breaks for May 7, 2019
May 7, 2019 | 05:24 EDT
Piper Jaffray analyst Michael Olson raised his price target for Glu Mobile to $12 from $11 and maintains an Overweight rating on the shares following the company's Q1 results. The company reported "strong" Q1 results with bookings and adjusted EBITDA ahead of Street expectations, Olson tells investors in a research note. The analyst sees a path to multiple expansion and margin improvement based on the company's changes implemented to date.
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