Analysts: Zynga Faces Concentration Risk and 3 More Research Notes to Review

Zynga (NASDAQ:ZNGA): Janney Capital has initiated Zynga with a Sell rating. The firm has concerns around its massive concentration risk, causal user fatigue, increased competition, and marketing pressures, and has set a price target of $2.50 for the shares.

ZNGA 20130820

GameStop (NYSE:GME): Oppenheimer believes that Street EPS forecasts for GameStop remain too conservative, and the firm notes that the company trades at a discount to other leading hardlines retailers. The firm raised its price target on the shares to $60 from $50 and keeps an Outperform rating on the stock.

GME 20130820

Chipotle (NYSE:CMG): Jefferies has upgraded Chipotle to Hold from Underperform with a $400 price target, citing valuation and accelerated same-store-sales momentum.

CMG 20130820

Transocean (NYSE:RIG): UBS has concerns in the near-term about the substantial amount of newbuild rigs that will be delivered and the impact on dayrate growth in the floater market. The firm expects modest multiple pressure for the group, and has downgraded Transocean to Neutral from Buy with a price target lowered to $49 from $63.

RIG 20130820

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