By: Benzinga
October 28, 2013 at 11:24 AM EDT
UPDATE: Morgan Stanley Reiterates on Changyou.Com Ltd. on Investment for Long-Term Growth
In a report published Monday, Morgan Stanley analyst Timothy Chan reiterated an Overweight rating on Changyou.Com Ltd. (NASDAQ: CYOU ), but lowered the price target from $44.00 to $40.00. In the report, Morgan Stanley noted, “Changyou's near-term margin will be under pressure as it steps up promotions in new games
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