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UPDATE: Benchmark Downgrades Glu Mobile

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In a report released Thursday, Benchmark analyst Mike Hickey downgraded Glu Mobile (NASDAQ: GLUU) from Buy to Hold.

Analysts at Benchmark find management's projected reduction from the Kim Kardashian game in fiscal Q4 to be unfavorable, along with the recent share pullback due to the Cie acquisition. Hickey reduced Glu Mobiles risk/reward valuation from positive to neutral.

Latest Ratings for GLUU

DateFirmActionFromTo
Aug 2016Northland SecuritiesDowngradesOutperformMarket Perform
May 2016Roth CapitalDowngradesBuyNeutral
Apr 2016Roth CapitalMaintainsBuy

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Posted-In: Benchmark Mike HickeyDowngrades Analyst Ratings

 

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