'Supportive' of New Zynga (ZNGA) CEO, But Daunting Task Ahead - Jefferies
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Price: $8.18 --0%
Rating Summary:
15 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Rating Summary:
15 Buy, 18 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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Jefferies reiterated a Hold rating and $3 price target on Zynga (NASDAQ: ZNGA) despite news Microsoft's Don Mattrick will takeover as CEO, with Pincus stepping aside but remaining Chairman and Chief Product Officer.
"Mattrick is an industry vet with a long track record of success, and we are supportive of the move," Jefferies analyst led by Brian Pitz said. "As we wait to learn how the strategy will change under the incoming CEO, we note Zynga still faces the daunting task of creating hit mobile games."
For an analyst ratings summary and ratings history on Zynga click here. For more ratings news on Zynga click here.
Shares of Zynga closed at $3.07 yesterday.
"Mattrick is an industry vet with a long track record of success, and we are supportive of the move," Jefferies analyst led by Brian Pitz said. "As we wait to learn how the strategy will change under the incoming CEO, we note Zynga still faces the daunting task of creating hit mobile games."
For an analyst ratings summary and ratings history on Zynga click here. For more ratings news on Zynga click here.
Shares of Zynga closed at $3.07 yesterday.
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