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Unity price target raised to $40 from $31 at Barclays

Barclays analyst Mario Lu raised the firm’s price target on Unity to $40 from $31 and keeps an Equal Weight rating on the shares. Microsoft (MSFT) winning the injunction against the Federal Trade Commission regarding its Activision Blizzard (ATVI) takeover “will create a sustained domino effect,” raising the multiples of the remaining U.S. publishers, the analyst tells investors in a research note.

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