KeyBanc overhauls Zynga from Sector Weight to Overweight refering to the “conceivably underhyped” markets for versatile diversions and eS
Investigator Evan Wingren says the general business is solid with overall deals conceivably coming to $150B this year yet “rivalry and model concerns” may burden slants.
“The licensing agreement with Disney is a positive, in our view, and has the potential to expand Zynga’s player base, as well as drive higher revenue and margin expansion,” KeyBanc said in a note. “The win suggests that Disney also sees momentum in Zynga’s underlying business and has confidence that it will develop a quality game (or two).”More in site here
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