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Fly News Breaks for September 12, 2019
ATVI, EA, TTWO
Sep 12, 2019 | 07:50 EDT
After surveying 600 U.S. video game players to gauge interest in the fall content slate and track overall engagement trends, Jefferies analyst Alex Giaimo tells investors to stick with his top pick Activision Blizzard (ATVI). Survey takeaways were positive for the upcoming Call of Duty: Modern Warfare 4, with 36% of responders planning to buy the game, says the analyst. He remains selective and favors Activision over Electronic Arts (EA) and Take-Two Interactive (TTWO).
News For ATVI;EA;TTWO From the Last 2 Days
ATVI, EA, TTWO
Oct 22, 2019 | 12:40 EDT
For this week's edition of "Game On," the Fly spoke exclusively with Jason Scott, software curator and free range archivist at the Internet Archive, a not-for-profit digital library. The Archive contains... To see the rest of the story go to thefly.com. See Story Here
EA
Oct 22, 2019 | 11:37 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BARCLAYS CUTS ELECTRONIC... To see the rest of the story go to thefly.com. See Story Here
EA
Oct 22, 2019 | 10:21 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Electronic Arts (EA) downgraded to Equal Weight from Overweight at Barclays with analyst Deepak Mathivanan saying the shares are currently trading below the middle of their historical valuation range, but the discount is justified. 2. Main Street (MAIN) downgraded to Market Perform from Outperform at Raymond James with analyst Robert Dodd citing valuation. 3. Lloyds Banking (LYG) downgraded to Neutral from Buy at Citi with analyst Andrew Coombs saying the stocks of U.K. banks are already pricing in a more favorable Brexit outcome. 4. Textron (TXT) downgraded to Neutral from Buy at BofA/Merrill with analyst Ronald Epstein saying he was previously more constructive on signs of a recovery in the business jet end market along with stronger company operations, but now sees a "softening" end market and a more "lackluster" operating recovery. 5. Intuit (INTU) downgraded to In Line from Outperform at Evercore ISI with analyst Kirk Materne citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
EA
Oct 22, 2019 | 06:27 EDT
Barclays analyst Deepak Mathivanan downgraded Electronic Arts to Equal Weight from Overweight with a price target of $99, down from $104. The shares are currently trading below the middle of their historical valuation range, but the discount is justified, Mathivanan tells investors in a research note. The analyst expects the majority of EA's earnings growth next year will come from buybacks rather than business fundamentals. After a string of disappointing results from the last Star Wars title, Battlefield V and Anthem, investors will need to see a couple of successful title releases before Electronic Arts' multiple reverts back to its historical mean, contends Mathivanan.
EA
Oct 21, 2019 | 19:53 EDT
Barclays analyst Deepak Mathivanan downgraded Electronic Arts to Equal Weight from Overweight with a $99 price target.
TTWO
Oct 21, 2019 | 11:35 EDT
Bearish flow noted in TakeTwo Interactive Software with 1,492 puts trading, or 2x expected. Most active are Jan-20 100 puts and 11/1 weekly 130 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.90, while ATM IV is up over 1 point on the day. Earnings are expected on November 7th.