King Digital ‘Candy Crush’ Franchise Sparks Upgrade

By | March 16, 2015

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King Digital Entertainment (KING) should get a boost from five new game launches amid strength in the core “Candy Crush” franchise, says JPMorgan Chase, which upgraded the stock. Doug Anmuth, a JPMorgan analyst, on Monday upgraded the stock to overweight from neutral and set a price target of 20. King Digital stock was up more than 2.5% in midday trading in the stock market today, above 15. While some analysts have questioned King’s future beyond Scalper1 News

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