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dav1234

10/16/13 12:31 PM

#616093 RE: hotlinktuna #615992


Canaccord lifts Glu Mobile PT, pleased with improving game data
Canaccord's Michael Graham has raised his Glu Mobile (GLUU +2.6%) PT to $4 from $3, and thinks improving game metrics "point to probable upside" for his Q3 bookings estimate.Canaccord's data points to "fairly stable metrics" for older Glu titles in Q3, and "a couple weeks of great performance" for Deer Hunter 2014, which raced to the top of App Store download charts and has already provided a lift to Glu shares.Glu's Q3 report arrives on Oct. 30.