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Baird cuts its stock rating on Zynga (ZNGA) to Neutral from Outperform on valuation following...

Baird cuts its stock rating on Zynga (ZNGA) to Neutral from Outperform on valuation following solid Q4 results: "While we maintain a positive bias, a second-half weighted release schedule, some potential issues with unique payer trends on Facebook, and overhangs such as the lockup period could limit appreciation in the near term." ZNGA -6.3% premarket.
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