Wedbush believes shares of Zynga have bottomed and for new game launches to sustain subscriber user growth. The firm expects improved 2H 2012 monetization driven by increased spending on older games and maturity of 2011 releases. Shares are Outperform rated with a $17 price target.
Stocks opened slightly stronger on Tuesday after the S&P 500 hit yet another intraday record in the previous session, …