KING Getting Crushed

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King Digital
KING
shares are falling sharply this morning, 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 is trading down 23 percent post earnings at 14. King Digital downgraded to Neutral from Overweight at JPMorgan, reduces price target from 30 to 18. King Digital downgraded to Hold from Buy at Deutsche Bank King Digital downgraded to Equal Weight from Overweight at Barclays KING King Digital downgraded to Neutral from Overweight at Piper Jaffray The stock, which had its' IPO in early March, pricing at 20, is now trading nearly 30 percent below that price.
Posted In: EarningsNews
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