Zynga (NASDAQ:ZNGA): Needham has downgraded Zynga to Hold from Buy due to the decline in core titles and ongoing uncertainty. The firm also noted second quarter weakness in Zynga Poker, and the company’s decision not to purse a U.S. based gaming license.
Deckers Outdoor (NASDAQ:DECK): Jefferies views Deckers Outdoor’s outlook as being conservative, and says that the stock remains its top pick following the company’s second quarter results. The firm believes sentiment on the shares remains negative, given the second quarter’s comp decline and revenue weakness. The firm reiterates a Buy rating on Deckers with a $100 price target.
Expedia (NASDAQ:EXPE): Cantor still expects the company to deliver double digit bookings growth, even after Expedia reported weaker than expected results and lowered its guidance. The firm lowered its price target on the stock to $65 from $75, but keeps a Buy rating on the shares.
Tempur-Pedic (NYSE:TPX): KeyBanc has lowered Tempur-Pedic’s price target to $53 from $58, following the disappointing second quarter report. However, the firm maintains its Buy rating, given the firm’s recent Sealy acquisition, and the long-term recovery in the housing industry.