Wedbush Downgrades Playtika Amid Concerns Over Cash Flow Squeeze, Maintains Outperform Ratings on AppLovin and Unity

Wedbush Securities has downgraded Playtika to "neutral" due to a cash flow squeeze and debt refinancing concerns. However, the broker maintains outperform ratings on AppLovin and Unity, despite recent share price declines. Wedbush sees AppLovin's move into ecommerce advertising as deliberate, while Unity's decline is attributed to soft Q1 guidance and withdrawal from the in-app bidding market. Take-Two Interactive Software and Roblox Corp are also mentioned in the report.