Benchmark Downgrades Electronic Arts (EA) to Hold
- Market Wrap: Durable Goods Order Outpace in Oct.; GoPro's Drone Ambitions; New Home Sales Fall Flat
- Deere & Co. (DE) Tops Q4 EPS by 26c
- After-Hours Stocks Movers 11/26: (CJES) (GPRO) Higher; (KITE) (AVNR) Lower (more...)
- U.S. Durable Goods Orders Show Surprise 0.4% Gain in Oct.; Inventories Rise to Highest-Ever Level
- GoPro (GPRO) Aims to Launch Consumer Drones Late Next Year
Benchmark downgraded Electronic Arts (NASDAQ: EA) from Buy to Hold with a price target of $41.82.
Analyst Mike Hickey said, " We view the Company’s near term share price risk / reward profile balancing neutral. The Company’s shares have appreciated meaningfully, and could offer limited upside over the next couple of quarters, until execution risk is pacified and / or their fiscal ’16 growth opportunity takes shape within a current valuation consideration. The Company’s ability to cut operating expense in the future could be limited, requiring further emphasis on product performance. Management credibility remains high, and have consistently exceeded consensus."
Shares of Electronic Arts closed at $38.42 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Canaccord Genuity Downgrades 21Vianet (VNET) to Hold
- Cracker Barrel (CBRL) Numbers Raised at BofA/Merrill Lynch Amid Strong Q1
- Sterne Agee Upgrades Brown Shoe Co. (BWS) to Buy
Create E-mail Alert Related CategoriesAnalyst Comments, Downgrades
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!