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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 09:23 EDT
MKM Partners analyst Eric Handler raised his price target on Electronic Arts to $120 ahead of its Q3 earnings next week, saying the company's trends appear to have held up well with better revenue for Apex Legends and a stronger than expected launch of the tar Wars Jedi: Fallen Order title. Handler still keeps his Neutral rating on the stock and cites its valuation, noting that he would turn more constructive if shares were to pull back about 10% or if his FY21 earnings outlook tracked closer to $5.50.