Electronic Arts (EA): Buy On Titanfall Weakness - Mizuho
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Mizuho Securities analyst, Neil Doshi, reiterated his Buy rating on shares of Electronic Arts (NASDAQ: EA) after shares fell 4% on concerns that sales of Titanfall 2 were off to a weak start and that unit sales of the game could be nearly half of the company's F17 guidance for 9-10m units.
Based on the analyst's checks of 35 retail stores around the country, review of Metacritic scores, a larger hardware installed base, and recent best sellers' lists, the analyst believes sales of Titanfall 2 are off to a strong start.
No change to the price target of $84.
Shares of Electronic Arts closed at $79.45 yesterday.
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