Fly News Breaks for January 15, 2020
Jan 15, 2020 | 06:23 EDT
KeyBanc analyst Tyler Parker initiated coverage of Glu Mobile with an Overweight rating and $8 price target. The company has three strong core growth games driving the majority of bookings, a newly released title off to a strong start, and three expected releases this year aimed at expanding the portfolio of growing franchises, Parker tells investors in a research note. The analyst believes the "strong release" of Diner DASH and ongoing strength in Glu Mobile's core portfolio relieves much of execution concerns that arose in 2019. Mobile gaming is an attractive market, adds the analyst.
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