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

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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

DateFirmActionFromTo
Apr 2017BenchmarkInitiates Coverage OnHold
Feb 2017Morgan StanleyUpgradesUnderweightEqual-Weight
Sep 2016Deutsche BankInitiates Coverage onBuy

View More Analyst Ratings for CYOU
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Posted-In: Morgan Stanley Timothy ChanAnalyst Color Price Target Analyst Ratings

 

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