BofA/Merrill analyst Justin Post upgraded Electronic Arts to Buy and increased its price target to $131 from $125 based on a strong FY19 outlook The analyst thinks EA sports franchises and Star Wars Battlefront 2 are a lock for a solid holiday, and expects FY19 expectations to move up in FY18. Post expects positive sentiment to be driven by strong digital industry trends, digital monetization of Battlefront, and a strong slate of FY19 releases. The analyst raised FY19 estimates to $5.22/$5.7B from $4.96/$5.58B.
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