Barclays analyst Ryan Gee lowered his price target for Electronic Arts to $132 to reflect the delay of Battlefield V. While delaying the game roughly a month takes it out of a "heads-scratching, bad release window (sandwiched between Call of Duty and Red Dead Redemption)," Electronic Arts did not make this decision from a position of strength even though it will give the title more space to stand out, Gee tells investors in a research note. The analyst keeps an Overweight rating on the shares.
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