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Deutsche Bank Maintains Hold on King Digital Entertainment (KING) Following Q1 Results
May 15, 2015 7:09 AM EDTDeutsche Bank maintain a Hold rating on King Digital Entertainment (NYSE: KING) and lowered the price target to $16.00 (from $21.00) following 1Q results. KING reported bookings of $605 , 3% above Deutsche Bank estimates. EBITDA was reported at $205, topping estimates by 11%. However, Analyst Lloyd Walmsley believes that without clear success from... More
