Zynga (ZNGA) Shares Higher as Evercore Upgrades Ahead of Unleashed Event

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Evercore Partners' Ken Sena upgraded shares of Zynga (NASDAQ: ZNGA) from Underweight to Equal Weight Wednesday morning. The analyst's price target was lowered from $7 to $5.

Sena's upgrade comes ahead of Zynga's Unleased event on June 26th. The analyst sees the company unveiling some new titles at the event. Sena also cited a better valuation recently.

Zynga shares last traded at $5.08, up 2 percent from Tuesday's closing price.

For an analyst ratings summary and ratings history on Zynga click here. For more ratings news on Zynga click here.

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