Zynga Quiet Period Ends, Analysts Come To Defend (ZNGA)
January 25, 2012 by Jon C. OggHere are the analyst initiations we have seen so far from the underwriting firms this Wednesday:
- Started as Overweight with $11 price target at Barclays;
- Started as Neutral with $10.50 price target at Bank of America Merrill Lynch;
- Started as Buy with $13 price target at Goldman Sachs;
- Started as Overweight with $12 target at JPMorgan;
- Started as Overweight with $11 price target at Piper Jaffray.
After we added up these five (not counting the few non-underwriting analyst calls out there) we get a consensus price target objective of about $11.50 for Zynga.
JON C. OGG
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