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Fly News Breaks for August 3, 2016
EA
Aug 3, 2016 | 07:47 EDT
Baird analyst Colin Sebastian noted Electronic Arts reported solid Q1 earnings in what is a seasonally light quarter. The analyst believes guidance was conservative. The company is off to a solid start to the year and given positive post-E3 feedback for both Battlefield 1 and Titanfall 2, assumptions around the holiday slate appear conservative, said Sebastian, who reiterated his Outperform rating and raised his price target to $83 from $80 on Electronic Arts shares.
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