Barclays Downgrades King Digital Entertainment (KING) to Equalweight
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King Digital (KING) PT, Estimates Cut at BofA/Merrill Lynch Post Q2; Stock Could Recover Somewhat Amid Short Covering
August 13, 2014 7:59 AM EDTBofA/Merrill Lynch analyst Justin Post reiterated a Neutral rating and lowered his price target on King Digital Entertainment (NYSE: KING) to $19.00 (from $22.00) following weak Q2 results and outlook.
The biggest surprise for the quarter, according to Post, was that King guided 3Q... More
Piper Jaffray Downgrades King Digital Entertainment (KING) to Neutral
August 13, 2014 7:06 AM EDTPiper Jaffray downgraded King Digital Entertainment (NYSE: KING) from Overweight to Neutral with a price target of $16.00 (from $28.00) following mixed Q2 results and guidance materially below expectations.
Analyst Michael Olson commented, "Based on our revised estimates, we now see a limited likelihood of... More
RBC Capital Downgrades King Digital Entertainment (KING) to Sector Perform
August 13, 2014 6:22 AM EDTRBC Capital downgraded King Digital Entertainment (NYSE: KING) from Outperform to Sector Perform with a price target of $15.00 (from $24.00).
For an analyst ratings summary and ratings history on King Digital Entertainment click here.... More
JPMorgan Downgrades King Digital Entertainment (KING) to Neutral
August 13, 2014 6:21 AM EDTJPMorgan downgraded King Digital Entertainment (NYSE: KING) from Overweight to Neutral with a price target of $18.00 (from $30.00).
For an analyst ratings summary and ratings history on King Digital Entertainment click here. For more ratings news on King Digital Entertainment click here.
Shares of King Digital Entertainment closed at $18.20 yesterday.
... MoreDeutsche Bank Downgrades King Digital Entertainment (KING) to Hold
August 13, 2014 6:19 AM EDTDeutsche Bank downgraded King Digital Entertainment (NYSE: KING) from Buy to Hold with a price target of $12.00 (from $27.00). Analyst Lloyd Walmsley discussed competition from Glu Mobile's (NASDAQ: GLUU) Kim Kardashian: Hollywood and other titles.
"We downgrade our rating on King shares to Hold from Buy given a crushing disappointment of new games to hit our estimates and deteriorating monetization across the portfolio. Candy Crush Saga (CCS) exceeded our estimate but new games,... More
