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Fly News Breaks for October 31, 2018
EA
Oct 31, 2018 | 07:21 EDT
UBS analyst Eric Sheridan lowered his price target on Electronic Arts to $138 from $166 following Q2 results. The analyst said the report did not provide relief from its recent underperformance, but he still sees the recent stock reaction as overdone. He views the stock having a compelling risk/reward from current levels, given the stability of its current sports titles, easier comps, management committed to shareholder returns, and long-term industry secular returns. Sheridan maintained his Buy rating on EA shares.
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