MKM Partners analyst Eric Handler lowered his price target on Electronic Arts to $135 after its lowered FY19 guidance as well as reducing his implied forward earnings target multiple to a less aggressive 24-times from 26-times and lowering his FY20 EPS view by 30c to $5.25. The analyst also keeps his Buy rating, stating that the stock is hurt by an "overly bearish sentiment" while outlining the company's potential catalysts coming from Live Services performance, Battlefield V selling season, and the "revitalized mobile growth" from the December launch of "Command & Conquer".

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