UPDATE: Benchmark Downgrades Glu Mobile
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
|Apr 2016||Roth Capital||Maintains||Buy|
|Jan 2016||Northland Securities||Maintains||Outperform|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.