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Zynga Inc. ZNGA
Posted On: 03/07/2013 8:00:45 PM
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Posted By: GET MONEY















From: Get_Money (Rep: 0) Date: 03/07/2013 19:48
Forum: ZYNGA INC. - Msg #1809 Thread # 673508048 (Rec: 0)







UPDATE: Bank of America Raises PO to $3.90 on Zynga on Eventual Real-Money Gaming Revenue
David Johnson, Benzinga Staff Writer
March 07, 2013 10:04 AM
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Tickers: ZNGA
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Bank of America maintained Zynga (NASDAQ: ZNGA [FREE Stock Trend Analysis]) with a Buy rating and raised the price target from $3.60 to $3.90.

Bank of America commented, "While U.S. real-money gaming revenues are likely still 18+ months away, the opportunity is getting increased visibility in 2013 with recent legalization in Nevada and New Jersey, and ZNGA is positioned to capitalize given: 1) its large WW online poker audience with 35mn monthly users (current AppData estimate), 2) its new COO who has online gambling experience, 3) its partnership with bwin.party to launch a gambling site in the UK (1H13)."

Read more: http://www.benzinga.com/analyst-ratings/analy...z2MuA7dAlO














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