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