Market Overview

King Digital Getting Crushed; Analysts Respond

King Digital (NASDAQ: KING) shares are falling sharply Wednesday, trading at new all-time lows.

Following an earnings report that met expectations on EPS but fell short revenue, and more importantly lowered the growth outlook sharply, many firms have reduced their ratings.

King Digital was last trading at $13.96, down 23 percent.

Analyst roundup

  • JP Morgan downgraded to Neutral from Overweight, reduced price target from $30 to $18.
  • Deutsche Bank downgraded to Hold from Buy.
  • Barclays downgraded to Equal-Weight from Overweight.
  • Piper Jaffray downgraded to Neutral from Overweight.

Latest Ratings for KING

DateFirmActionFromTo
Aug 2014Piper JaffrayDowngradesOverweightNeutral
Aug 2014Deutsche BankDowngradesBuyHold
Aug 2014BarclaysDowngradesOverweightEqual-weight

View More Analyst Ratings for KING
View the Latest Analyst Ratings

Posted-In: Barclays Deutsche Bank JP MorganEarnings Guidance Downgrades Price Target Analyst Ratings

 

Related Articles (KING)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters