UPDATE - Barclays Downgraded Zynga (ZNGA) to Equalweight; S-T Valuation Call; L-T Positive Growth Opportunity
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Price: $8.18 --0%
Rating Summary:
15 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Barclays downgraded Zynga (NASDAQ: ZNGA) from Overweight to Equalweight, price target raised $1 to $12.
Analyst, Mark May, said, "While 4Q11 results were solid, and we remain
positive on the long-term growth opportunity for the casual/social games sector in general and for Zynga in particular, we are changing our rating to EW given the recent stock performance and valuation (25x adjusted CY12 EBITDA) coupled with an immaterial change in our earnings forecasts following the 4Q11 report."
To see more ratings on ZNGA, Click Here
Analyst, Mark May, said, "While 4Q11 results were solid, and we remain
positive on the long-term growth opportunity for the casual/social games sector in general and for Zynga in particular, we are changing our rating to EW given the recent stock performance and valuation (25x adjusted CY12 EBITDA) coupled with an immaterial change in our earnings forecasts following the 4Q11 report."
To see more ratings on ZNGA, Click Here
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