Reported 26 days ago
Bank of America has upgraded Playtika, a mobile gaming company, from 'Underperform' to 'Buy' and raised its price target from $6 to $6.50, citing its strong free cash flow yield and profitability. The firm believes Playtika's conservative outlook does not reflect its potential for growth in the mobile gaming sector, suggesting the company's long-standing franchises will drive future success.
Source: YAHOO