Information Provided By:
Fly News Breaks for January 15, 2016
EA
Jan 15, 2016 | 08:21 EDT
As previously reported, BofA/Merrill upgraded Electronic Arts to Buy from Neutral and maintained its $81 price target. Analyst Justin Post said recent weakness is a buying opportunity ahead of a strong potential FY17 title line up, a potential accelerating in the digital transition that could drive gross margin upside, and a solid installed base that should enable FY17 digital sales.