Zynga Now on Wedbush’s “Best Ideas List” and Sears Holdings Corporation Drops as Lands’ End Starts Trading Independently
Zynga, Inc. (NASDAQ: ZNGA) shares gained on Monday after the company was put in a positive light by the firm Wedbush. The firm added Zynga to its "Best Ideas List," a compilation of stocks which Wedbush has the highest conviction will outperform over the next year. The firm also reiterated an "outperform" rating and gave a 12-month price target of $7. In the report, analysts Michael Pachter, Nick McKay and Nick Citrin wrote, "Zynga appears determined to address the "play anywhere" free-to-play market by leading with mobile games and ensuring that its games are available cross-platform. We expect to see regular increases in guidance as the company continues to execute on its strategy. We believe that over 30% contribution margins are achievable over the long run, as Zynga sees revenues grow beyond the $1 billion level again.”
Zynga Inc. develops, markets, and operates online social games as live services played on the Internet, social networking sites, and mobile platforms in the United States and internationally. The company offers online social games primarily under the FarmVille, Words With Friends, and Zynga Poker franchises.
Get more information on Zynga, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/ZNGA
Sears Holdings Corporation (NASDAQ: SHLD) shares dropped nearly 18% on Monday, the first day of trading since the Company’s Friday night's completion of its pro-rata spin-off of Lands' End Inc. from Sears Holdings. Sears received $500 million in aggregate gross proceeds from the move, while distributing 32 million shares of Lands' End to its common stock holders. Lands' End is now trading independently.
Sears Holdings Corporation operates as a retailer in the United States and Canada. The company’s Kmart segment operates stores that sell merchandise under Jaclyn Smith, Joe Boxer labels, and Alphaline labels; and Sears brand products and services, such as Kenmore, Craftsman, and DieHard, as well as Kenmore-branded products. This segment’s stores provide consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables, and apparel; and operate in-store pharmacies.
Get more information on Sears Holdings Corporation free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/SHLD
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