Electronic Arts (EA): Raising PT On Franchise Title Strength - Wedbush
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Wedbush analyst, Michael Pachter, reiterated his Outperform rating on shares of Electronic Arts (NASDAQ: EA) and raised his price target to $95 from $92 after the company delivered Q2 upside that was largely passed through to the full year, reflecting confidence in FIFA and recent releases Battlefield 1 and Titanfall 2, both of which received outstanding reviews.
The analyst stated "We expect significant growth for the foreseeable future driven by cost discipline, digital momentum, and impressive franchises including Battlefield, Titanfall, the Star Wars games, and FIFA Mobile".
Shares of Electronic Arts closed at $77.84 yesterday.
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