According to Brean Murray Carret, Changyou.com CYOU price target is lowered to $29.
Brean Murray Carret said that total revenue excl. 17173.com was $125 MM, above consensus of $124 MM, largely driven by continued growth of TLBB upon its successful launch of TLBB3 in 4Q.
Changyou.com closed yesterday at $25.31.
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