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Glu Mobile Rises on Wedbush Upgrade to Outperform

Rob Lenihan

advanced 3.1% to $7.27 after a Wedbush analyst upgraded the mobile game publisher to outperform from neutral with a $9 price target. Analyst Michael Patcher said in a note to investors that "we see multiple potential positive catalysts in 2019 and 2020" for the San Francisco-based company. Glu Mobile publishes titles primarily in four genres, including home decor, sports and action, fashion and celebrity, and time management.