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Fly News Breaks for October 28, 2016
EA
Oct 28, 2016 | 06:35 EDT
Cowen analyst Doug Creutz downgraded Electronic Arts to Market Perform and lowered its price target to $82 from $96. The analyst believes Titanfall 2 sales are going to be "substantially disappointing" and lowered his unit sales estimate to 6M from 9M. He did increase Battlefield 1 unit sales to 16.5M from 14M and said an outright guidance miss is unlikely given Battlefield 1 gross margins are higher than Titanfall 2 due to lack of developer royalty payments. Creutz expects share to correct as the stock is priced for upside to current consensus estimates.
News For EA From the Last 2 Days
EA
Apr 17, 2024 | 12:36 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: Among... To see the rest of the story go to thefly.com. See Story Here