KeyBanc overhauls Zynga from Sector Weight to Overweight refering to the "conceivably underhyped" markets for versatile diversions and eSports. 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 firm taps Take-Two and Ubisoft for the best close term standpoint and is less hopeful for Activision Blizzard and Electronic Arts on desires for "untidy quarters and viewpoints."

Zynga +2% on KeyBanc

Video Games

KeyBanc overhauls Zynga from Sector Weight to Overweight refering to the “conceivably underhyped” markets for versatile diversions and eS
Sports

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 firm taps Take-Two and Ubisoft for the best close term standpoint and is less hopeful for Activision Blizzard and Electronic Arts on desires for “untidy quarters and viewpoints.”

“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).”

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Zynga +2% on KeyBanc 5

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