King Digital downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded King Digital to Neutral citing a limited likelihood of EBITDA growth through 2015 following the company's reduced outlook. Piper sees low visibility on King's ability to create hits outside of the Candy franchise and lowered its price target for shares to $16 from $28.
King Digital new Candy Crush game off to 'great' start, says Deutsche Bank Deutsche Bank says King Digital's newly launched Candy Crush Soda Saga hit the top downloaded app and top 5 grossing app in the U.S. faster than any King game in history. Deutsche says it is incrementally more positive on the stock and upped its price target for shares to $16 from $13. It keeps a Hold rating on the name.