By: Benzinga
UPDATE: Bank of America Upgrades Zynga to Buy on Asset Value, Mobile Stabilization
Bank of America upgraded Zynga (NASDAQ: ZNGA ) from Underperform to Buy and raised the price target from $2.70 to $3.40. Bank of America commented, "While our upgrade could be early with bookings expected to decline q/q in 1Q, and our below-Street 2013 estimates, we are upgrading ZNGA to Buy
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