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.
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