UPDATE: Northland Securities Upgrades Glu Mobile (GLUU) to Outperform, Games Show Improved 'Hit Rate'

March 18, 2013 7:18 AM EDT Send to a Friend
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Price: $4.47 -0.45%

Rating Summary:
    11 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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(Updated - March 18, 2013 10:38 AM EDT)

Northland Securities upgraded Glu Mobile (NASDAQ: GLUU) from Market Perform to Outperform with a price target of $4.50 (from $2.50).

Analysts Darren Aftahi said the company was improving its hit rate for new games and there was evidence Glu Mobile is seeing better-than-expected sales from smartphone games.

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

Shares of Glu Mobile closed at $3.34 yesterday.


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