Deutsche Bank Coverage On King Digital Entertainment

In a report released Friday, Deutsche Bank reiterates its strong view on King Digital Entertainment plc.

based on mobile gaming improvement, giving the company a price target of $27 a share. Deutsche Bank analyst Greg Poole remains bullish on King Digital based Candy Crush maintaining solid performance, sees potential in new franchise segment, and new games performing strongly. Poole believes shares are overdue for a jump, stating nearly 50 percent of shares are on the short side but the company's strong performance in the second quarter should influence a pop in share price.