Market Overview

UPDATE: Morgan Stanley Reiterates on Changyou.Com Ltd. on Investment for Long-Term Growth

Related CYOU
Earnings Scheduled For October 24, 2016
18 Stocks Which Rallied Four Days, Then Sold Off Yesterday

In a report published Monday, Morgan Stanley analyst Timothy Chan reiterated an Overweight rating on Changyou.Com Ltd. (NASDAQ: CYOU), but lowered the price target from $44.00 to $40.00.

In the report, Morgan Stanley noted, “Changyou's near-term margin will be under pressure as it steps up promotions in new games and mobile products, which is pivotal for its platform strategy. We expect margins to improve from 1H14 onwards. Stay OW for its low valuation, strong FCF and share buyback.”

Changyou.Com Ltd. closed on Friday at $35.71.

Latest Ratings for CYOU

Sep 2016Deutsche BankInitiates Coverage onBuy
Jul 2016MacquarieDowngradesNeutralUnderperform
Mar 2016Summit Research PartnersTerminatesBuyBuy

View More Analyst Ratings for CYOU
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Timothy ChanAnalyst Color Price Target Analyst Ratings


Related Articles (CYOU)

View Comments and Join the Discussion!