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EA

Electronic Arts

$128.36

0.3 (0.23%)

10:00
08/16/18
08/16
10:00
08/16/18
10:00

Electronic Arts with repeat option action late yesterday

Electronic Arts with repeat option action late yesterday. The stock was off nearly $4 to $128.05 on the day and 6.8K Jan 105 puts sold at $2.33 while 6.8K Jan 135 - 160 call spreads bought for $5.83. The three-way is notable, not just for its size, but because it added to 6.8K opened Tuesday. The investor is apparently a willing buyer of shares at $105 should the stock tumble 18% and the short puts assigned, while getting upside exposure to $160 (+25%) with the 135 - 160 call spread.

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EA Electronic Arts
$128.36

0.3 (0.23%)

08/15/18
PIPR
08/15/18
NO CHANGE
PIPR
Overweight
Piper Jaffray says Call of Duty, RDR2 'most anticipated' games pre-holiday
Piper Jaffray analyst Michael Olson says that a survey of more than 300 gamers suggests Activision Blizzard's (ATVI) Call of Duty: Black Ops 4 and Take Two's (TTWO) Red Dead Redemption 2 are most anticipated games for pre-holiday 2018, and tells investors in a research note that an analysis of YouTube trailer likes-to-dislikes shows that RDR2 is, by far, the most "liked" of upcoming titles. While Olson is Overweight on all three, he ranks them as follows for remainder of 201 based on most potential for upside through the second half of calendar 2018: 1) Take Two, 2) Activision Blizzard, 3) Electronic Arts (EA).
08/10/18
PIPR
08/10/18
NO CHANGE
Target $165
PIPR
Overweight
Early review scores of EA's Madden modestly above last year, says Piper Jaffray
Piper Jaffray analyst Michael Olson noted that the current average "metacritic" review score for Electronic Arts' Madden '19 is 83.5, which is above the 82 rating for last year's version of the game and higher than the 10-year average of 82 for the series. He remains comfortable with his forecast for flat year-over-year unit sales of 5.5M for Madden, but believes the uptick in average review score might offer modest upside. Olson keeps an Overweight rating and $165 price target on EA shares.
08/01/18
08/01/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AutoZone (AZO) upgraded to Buy from Hold at Deutsche Bank with analyst Mike Baker saying Improving comps and fundamentals, coupled with a stock that has underperformed year-to-date, has brought a "compelling" valuation. 2. Pandora (P) upgraded to Outperform from Sector Perform at RBC Capital with analyst Mark Mahaney saying the company's double-digit organic revenue growth and declining EBITDA losses were driven by improving execution, adding that while the 2% active listener hours decline is a worry, the valuation on the stock is "undemanding" given its expected annualized revenue growth of about 10% over the next 3 years. 3. Papa John's (PZZA) upgraded to Buy from Hold at Jefferies with analyst Alexander Slagle saying the stock, down 50% from highs, now reflects the likelihood that fundamentals will get worse before improving. 4. Electronic Arts (EA) upgraded to Buy from Hold at Argus with analyst Joseph Bonner saying the latest pullback in the stock price after the company's recent Q1 earnings report offers a favorable entry point. 5. Sarepta (SRPT) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Matthew Harrison saying the stock is down about 34% since June 19 after having moved up by about 50% when its initial DMD gene therapy data was announced. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/01/18
ARGS
08/01/18
UPGRADE
ARGS
Buy
Electronic Arts upgraded to Buy from Hold at Argus

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