Roth MKM lowered the firm’s price target on Playtika to $8 from $9 and keeps a Neutral rating on the shares. The company’s game’s portfolio remains challenged following disappointing Q2 revenue results and a weaker top-line view for the back half of the year, and while increased cost efficiencies are offsetting most of the revenue reduction, meaningful revenue improvements are likely needed for Playtika’s shares to build positive momentum, the analyst tells investors in a research note.
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