Here's the upgrade info that i was looking for yesterday at Street Insider:
September 20, 2013 10:21 AM EDT
Northland Capital Markets analyst Darren Aftahi reiterated an Outperform rating and $3.50 price target on Glu Mobile (NASDAQ: GLUU) saying the risk/reward favors being long.
"We think downside risk at current levels reflect a high level of pessimism, and really discounts any DH14 success," Aftahi states. "While GLUU is a "show me" stock at this stage, we recommend it at current levels given near-term liquidity issues have been addressed and the initial launch of DH14 is showing promise, already ranking number 1 and 2, respectively for top downloaded U.S. games on Apple's iPhone/iPad. If DH14 performs well, as we expect it to, we believe shares could trade into the high $2’s, or into the $3’s. If the game does not perform well, we believe that is already mostly factored into the stock. We will continue to closely monitor its performance."