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Fly News Breaks for May 16, 2018
EA
May 16, 2018 | 09:19 EDT
SunTrust analyst Matthew Thornton raised his price target on Electronic Arts to $140 after his post-earnings "deep dive" into Q4 numbers and management sentiment. The analyst sees positive catalysts over the near term from the start of the World Cup next month as well as EA Play conference on June 10th. Longer term, Thornton keeps his Buy rating on Electronic Arts amid the margin benefits from the shift to digital gaming, growing popularity of e-sports, gaming pipeline, and the financial flexibility for buybacks and acquisitions that is not presently considered by his model.
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