Piper Jaffray analyst Michael Olson lowered his price target for Electronic Arts to $106 from $112 but maintains an Overweight rating on the shares. The company reported September quarter results that were ahead of consensus based on strong live services revenue, and while fiscal 2020 guidance was increased, it remains below consensus, Olson tells investors in a research note. The analyst, however, is not surprised that Electronic Arts is "remaining somewhat conservative" with guidance ahead of its busiest quarter.
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