Lazard Capital Issues Zynga $16 Price Target, Metlife at Overweight
Zynga (NASDAQ:ZNGA): Lazard Capital believes online gambling could be legalized in Nevada and New Jersey, with others other states to follow. The firm expects Zynga to move aggressively into real-money poker and online gambling, and estimates that poker alone could be an incremental $325M revenue opportunity for the company. Lazard Capital reiterates a Buy rating on Zynga shares with a $16 price target.
MetLife, Inc. (NYSE:MET): Barclays is disappointed that MetLife failed the Fed’s stress test and said the result was not expected. The firm reiterates its Overweight rating and said MetLife has an attractive valuation and beneficial diversified and international platform. Shares are Overweight rated.
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