Benchmark Downgrades Glu Mobile Inc. To Hold

In a report released Thursday, Benchmark analyst Mike Hickey downgrades Glu Mobile Inc.

from Buy to Hold. Benchmark has a price target on Glu Mobile for $6.74 a share. Analyst at Benchmark finds management projected reduction from Kim Kardashian in fiscal Q4 to be unfavorable, along with the recent share pull back due to the Cie acquisition. Hickey reduces Glu Mobiles risk/reward valuation from positive to neutral