Zynga GROWS in Social Gaming Market and 4 Fresh Analyst Insights
Nabors Industries Ltd. (NYSE:NBR) and Basic Energy have been removed from Capital One’s Focus List.
Zynga (NASDAQ:ZNGA): Piper Jaffray’s analysis of quarter-to-date AppData indicates that Zynga’s daily average user growth remains in-line with expectations and do not appear to suggest a Q2 miss, which seems to be priced into the stock. The firm believes that Zynga is in the position to be benefited by social and mobile gaming increases. The firm reiterates its Outperform rating on the stock.
Darden Restaurants, Inc. (NYSE:DRI): According to Susqnehanna, Darden’s 4.0% dividend yield should give support to valuation, and the firm thinks that Darden’s domestic presence along with menu initiatives will be successful and lead to more multiple expansion. The firm maintains its Positive rating with a $58 price target on the shares.
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Mellanox Technologies, Ltd. (NASDAQ:MLNX) price target was raised by Maxim due to early examples of the 100G InfiniBand product, deployment of FDR 56Gb per second InfiniBand on two Intel Romley server boards, and InfiniBand prospects of high-performance computing. Shares have a Buy rating.
Momenta Pharmaceuticals Inc. (NASDAQ:MNTA): As a result of the ruling that Sandoz and Momenta’s generic Copaxone infringes upon TEVA’s patents, Oppenheimer predicts pressure on the stock in the short term but long-term value remains compelling. The firm believes that Momenta’s generic will launch in 2014-2015. The firm reiterates its Outperform rating and $24 price target on the shares.
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