What To Know About Morgan Stanley's Downgrade of Playtika Holding

Morgan Stanley downgraded its rating of Playtika Holding PLTK to Equal-Weight with a price target of $12.00, changing its price target from $20.00 to $12.00.

Shares of Playtika Holding are trading down 2.95% over the last 24 hours, at $9.05 per share.

A move to $12.00 would account for a 32.52% increase from the current share price.

About Playtika Holding

Playtika Holding Corp is primarily engaged in developing mobile games. Some of its games include Board Kings, House of Fun, Poker Heat, Slotomania, and Bingo Blitz. The company has built live game operations services and a proprietary technology platform to support its portfolio of games. It primarily derives revenue from the sale of virtual items associated with online games. Geographically, the group has a business presence in the USA, EMEA, APAC and Other regions of which key revenue is derived from the USA. It offers both Mobile and Web-based platforms.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.