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Analyst: Kim Kardashian Is Killing 'candy Crush' - Yahoo Finance

Send Thanks! A link has been sent. Done ANALYST: Kim Kardashian Is Killing 'Candy Crush' By Linette Lopez 4 hours ago 0 shares Kim Kardashian is crushing King Digital Entertainment, the maker of the popular game "Candy Crush." In a note released Wednesday morning, Deutsche Bank downgraded the media company, citing two major reasons. First, the company hasn't repeated the success of its addictive hit game "Candy Crush," and second, Deutsche Bank thinks it is simply too expensive to play King games and other cheaper games are taking share as a result. On Tuesday, King reported a drop in sales and missed analyst estimates in its quarterly earnings report. This was, for the most part, due to the waning popularity in "Candy Crush." The company is focused on developing new games, but none of them have caught on like the "Crush" now the stock is getting pummeled, down 23% . In its report, Deutsche Bank downgraded King from "buy" to "hold" and cut its price target on the stock from $27 to $12 dollars.


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