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Fly News Breaks for January 16, 2019
ATVI, EA
Jan 16, 2019 | 10:48 EDT
Stephens analyst Jeff Cohen noted that Kotaku reported that Electronic Arts (EA) has canceled its "Star Wars" open world game, which it will replace with a smaller "Star Wars" game. While he acknowledges the headlines will not help sentiment and will renew questions about the company's "Star Wars" license, Cohen does not view the news as a material negative and would be a buyer of EA shares on any weakness related to the report. Cohen, who also contends that the uncertainty around the Destiny franchise, which Activision Blizzard (ATVI) is returning to Bungie, could have a positive impact the release of EA's Anthem, keeps an Overweight rating and $125 price target on Electronic Arts shares.
News For EA;ATVI From the Last 2 Days
EA
Apr 24, 2024 | 13:19 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to thefly.com. See Story Here