King Digital Gets ‘Overweight,’ ‘Buy’ Ratings From JPMorgan, Stifel

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King Digital Gets ‘Overweight,’ ‘Buy’ Ratings From JPMorgan, Stifel
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King Digital Entertainment PLC (NYSE:KING) received ratings from two prominent analysts firms on Monday. In a report dated May 5, 2014, analysts at JPMorgan assigned an Overweight rating to the stock with a price target of $30, while Stifel analysts, in a report dated the same day, initiated coverage on the stock, assigning it a Buy rating with a price target of $22.

King has a unique business model

In the past 10 years, King Digital Entertainment PLC (NYSE:KING) has managed to establish a portfolio of more t