Wednesday, June 27, 2012

Zynga (ZNGA) price target lowered to $9 from $13 at Piper Jaffray


Piper Jaffray believes Zynga made no progress in addressing key investor concerns at its event yesterday, but continues to feel the stock is undervalued at current levels. The firm lowered its price target for shares and keeps an Overweight rating on the name. :theflyonthewall.com

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