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Fly News Breaks for December 9, 2015
GME, EA
Dec 9, 2015 | 14:06 EDT
Oppenheimer analyst Sean McGowan said that Electronic Arts (EA) management confirmed that the $20 off promotion being offered at GameStop (GME) for its "Star Wars Battlefront" game was planned in advance and he does not view it as a sign of weak sales for the game. The analyst, who sees the company maximizing unit sales now to drive live service revenue later, recommends buying the stock amid its weakness and keeps an Outperform rating on EA shares.
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