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EA

Electronic Arts

$115.28

2.14 (1.89%)

, ATVI

Activision Blizzard

$69.80

-0.56 (-0.80%)

12:28
01/19/18
01/19
12:28
01/19/18
12:28

EA in focus after NPD says 'Battlefront II' second-best selling game in December

Shares of Electronic Arts (EA) were marginally higher after the NPD Group said that its latest "Star Wars" game was the second best selling game in the U.S. in December, following disappointing sales in its launch month of November. WHAT'S NEW: According to VentureBeat, the NPD Group said that EA's "Star Wars Battlefront II" was the second best selling game in the U.S. in December, just behind Activision Blizzard's "Call of Duty: WWII." NDP also noted that "Battlefront II" was the eighth best selling game of 2017, making it the second best selling EA game of the year behind "Madden NFL 18." WHAT'S NOTABLE: Last week, Morgan Stanley analyst Brian Novak downgraded Electronic Arts to Equal Weight from Overweight after disappointing "Battlefront II" third party data led him to lower his unit estimate for the game in Q3 to 10M from 13M. Novak added that he doesn't expect any microtransactions from the game until Q4 and that any roll out of microtransactions will be heavily scrutinized after the issues already experienced by the game. The downgrade followed an upgrade by BMO Capital analyst Gerrick Johnson, who said that the decline in EA's stock price from consumer pushback on in-game monetization in "Star Wars Battlefront II" was overdone. PRICE ACTION: In early afternoon trading, EA shares are up marginally to $115.51. OTHERS TO WATCH: After the NPD report, Activision Blizzard shares rose 1.3% and Take-Two (TTWO) was 0.5% higher.

EA

Electronic Arts

$115.28

2.14 (1.89%)

ATVI

Activision Blizzard

$69.80

-0.56 (-0.80%)

TTWO

Take-Two

$117.27

1.18 (1.02%)

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EA Electronic Arts
$115.28

2.14 (1.89%)

01/12/18
MSCO
01/12/18
DOWNGRADE
Target $120
MSCO
Equal Weight
Electronic Arts downgraded on reduced 'Star Wars' estimates at Morgan Stanley
As previously reported, Morgan Stanley analyst Brian Nowak downgraded Electronic Arts to Equal Weight from Overweight after disappointing "Star Wars: Battlefront 2" third party data led him to lower his Star Wars unit estimate in Q3 to 10M from 13M. He adds that he doesn't expect any microtransactions from Star Wars until Q4 and that any roll out of microtransactions will be heavily scrutinized after the issues already experienced by the game. The analyst, who reduced his FY18 and FY19 EPS estimates for EA by 8% and 9%, respectively, lowered his price target on the stock to $120 from $126.
01/12/18
01/12/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Facebook (FB) downgraded to Hold from Buy at Stifel with analyst Scott Devitt arguing there is currently "too much uncertainty" relating to the economic impact of the company's pending News Feed changes communicated in a post last night by CEO Mark Zuckerberg. 2. Snap (SNAP) downgraded to Underperform from Market Perform at Raymond James with analyst Aaron Kessler saying Snap is largely a Chat/Message app and not a camera company as it refers to itself. 3. Etsy (ETSY) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Nowak citing valuation as being too expensive compared to its peers and the stock's historical average. 4. Comcast (CMCSA) downgraded to Buy from Action List Buy at TD Securities with analyst Vince Valentin citing recent shares strength and to make room of new Action List addition Shaw Communications (SJR), where he now sees better upside potential. 5. Electronic Arts (EA) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Brian Nowak citing disappointing "Star Wars: Battlefront 2" third party data. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/18/18
BERN
01/18/18
INITIATION
Target $139
BERN
Outperform
Electronic Arts initiated with an Outperform at Bernstein
Bernstein analyst Todd Juenger started Electronic Arts (EA) with an Outperform rating and a $139 price target, saying it may be "less sexy" than Activision Blizzard (ATVI), but he believes it will deliver dependable growth and currently trades at a relatively depressed price given the Star Wars microtransactions "drama." He also initiated Activision this morning with a Market Perform rating.
01/18/18
01/18/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Caterpillar (CAT) initiated with a Buy at Berenberg. 2. Rosehill Resources (ROSE) initiated with an Outperform at Northland. 3. Arena Pharmaceuticals (ARNA) initiated with an Outperform at Credit Suisse. 4. Electronic Arts (EA) was initiated with an Outperform at Bernstein, while Activision Blizzard (ATVI) was initiated with a Market Perform. 5. Brookfield Business Partners (BBU) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
ATVI Activision Blizzard
$69.80

-0.56 (-0.80%)

01/12/18
PIPR
01/12/18
NO CHANGE
PIPR
NPD video game software sales flat for December, says Piper Jaffray
December NPD video game software sales were flat year-over-year, driven by strong growth for Call of Duty: WWII and Nintendo's Super Mario Odyssey, Piper Jaffray analyst Michael Olson tells investors in a research note. He notes Electronic Arts' (EA) Star Wars Battlefront II ranked third among top titles for December, but was down significantly versus the prior iteration due to a controversy around the microtransaction mechanic which was temporarily removed. The analyst views the December NPD data as most negative for Electronic Arts, due to Star Wars, and most positive for Activision (ATVI), driven by a strong rebound for Call of Duty: WWII. Take-Two (TTWO) results were solid, especially considering digital revenue from GTA Online is not accounted for by NPD, Olson says. He maintains Overweight ratings on Activision Blizzard, Electronic Arts and Take-Two.
01/18/18
BERN
01/18/18
INITIATION
Target $74
BERN
Market Perform
Activision Blizzard initiated with a Market Perform at Bernstein
Bernstein analyst Todd Juenger started Activision Blizzard with a Market Perform rating and a $74 price target, stating that the company "has everything a video game bull would want," but none of it is secret and much is priced in.
TTWO Take-Two
$117.27

1.18 (1.02%)

12/18/17
BTIG
12/18/17
INITIATION
Target $142
BTIG
Buy
Take-Two initiated with a Buy at BTIG
BTIG analyst Brandon Ross initiated Take-Two with a Buy rating and price target of $142 as part of his broader note forecasting a multi-year run in videogame stocks thanks to their expanding user engagement. Ross says Take-Two will be further supported with the release of Red Dead Redemption 2 and the approaching update to Grand Theft Auto franchise in the early 2020's.
12/19/17
KEYB
12/19/17
NO CHANGE
KEYB
KeyBanc bullish on Take-Two, Activision Blizzard
KeyBanc analyst Evan Wingren recommends buying Take-Two (TTWO) and Activision Blizzard (ATVI), and says he sees video game valuations as attractive given his expectation for fundamentals continuing to uptick in 2018. Additionally, the analyst notes that he favors Take-Two/Activision Blizzard over Electronic Arts (EA) in the near-term given Star Wars issues, but continues to recommend long-term exposure given the secular trends, profitability, better year over year comps in FY19, and a lower valuation. Wingren also sees slightly positive risk/reward for Zynga in the near term as the turnaround story continues to be favorable.
01/08/18
KEYB
01/08/18
NO CHANGE
KEYB
Activision Blizzard, Take-Two best positioned to take share in eSports, says KeyBanc
KeyBanc analyst Evan Wingren believes 2018 is a crucial year for eSports, with the Overwatch League and the League of Legends North American League Championship Series defining the initial success or failure of eSports despite the relatively young competitive environment within Overwatch. Wingren views Activision Blizzard (ATVI) and Take-Two (TTWO) as best positioned to take share in the eSports market as of now.

TODAY'S FREE FLY STORIES

PEG

PSEG

$49.18

0.65 (1.34%)

, COG

Cabot Oil & Gas

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0.63 (2.71%)

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COG

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0.63 (2.71%)

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Huntsman

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CNK

Cinemark

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0.1 (0.25%)

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DOVA

Dova Pharmaceuticals

$32.78

-0.08 (-0.24%)

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Syndicate
Dova Pharmaceuticals 2.5M share Secondary priced at $32.00 »

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SPY

SPDR S&P 500 ETF Trust

$270.40

0.35 (0.13%)

, SPX

S&P 500

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Breaking Periodicals news story on SPDR S&P 500 ETF Trust, S&P 500 »

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SPDR S&P 500 ETF Trust

$270.40

0.35 (0.13%)

SPX

S&P 500

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OMAB

OMA Airports

$41.47

0.33 (0.80%)

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AIV

Aimco

$38.28

0.28 (0.74%)

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KDMN

Kadmon

$3.60

-0.16 (-4.26%)

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ASR

Asur

$182.83

1.49 (0.82%)

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USB

U.S. Bancorp

$54.27

-0.83 (-1.51%)

18:45
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Periodicals
Judge criticizes U.S. Bancorp deal to sidestep prosecution, Bloomberg reports »

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KZIA

Kazia Therapeutics

$4.99

0.43 (9.43%)

18:36
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Hot Stocks
Kazia granted orphan status for glioblastoma treatment »

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OBE

Obsidian Energy

$0.98

0.0183 (1.91%)

18:29
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Obsidian Energy reports 126% reserve replacement of 2017 production »

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OBE

Obsidian Energy

$0.98

0.0183 (1.91%)

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

18:27
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Earnings
SSR Mining reports Q4 adjusted EPS 2c, consensus 7c »

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SSRM

SSR Mining

$8.33

0.06 (0.73%)

18:21
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SSR Mining sees 2018 gold production 340K gold equivalent ounces »

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IVC

Invacare

$17.97

-0.28 (-1.53%)

18:20
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Hot Stocks
Invacare names Kathleen Leneghan as CFO, effective immediately »

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SHCAY

Sharp

$8.21

-0.025 (-0.30%)

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Sharp drops legal action against Hisense over TV brands, Nikkei reports »

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GM

General Motors

$40.91

0.35 (0.86%)

18:17
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GM seeks South Korean aid to bolster local unit, Nikkei Asian Review reports »

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SJI

South Jersey Industries

$26.34

0.23 (0.88%)

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TRTN

Triton International

$28.16

-0.4 (-1.40%)

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Earnings
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SJI

South Jersey Industries

$26.34

0.23 (0.88%)

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PAA

Plains All American

$20.97

-0.43 (-2.01%)

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Plains All American's Cactus II pipeline fully committed »

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STX

Seagate

$51.36

-0.08 (-0.16%)

18:03
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Initiation
Seagate initiated at Stifel »

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WDC

Western Digital

$85.53

-0.14 (-0.16%)

18:01
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Initiation
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HPQ

HP Inc.

$21.39

0.22 (1.04%)

17:56
02/22/18
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Breaking Hot Stocks news story on HP Inc. »

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BKD

Brookdale Senior Living

$7.18

-1.72 (-19.33%)

17:52
02/22/18
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17:52
Downgrade
Brookdale Senior Living rating change at Stifel »

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AQMS

Aqua Metals

$2.62

-0.25 (-8.71%)

17:52
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Philotimo Fund reports 6.5% stake in Aqua Metals »

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