Stifel Raises Price Target on Electronic Arts (EA) to $87
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Stifel reiterated a Buy rating on Electronic Arts (NASDAQ: EA), and raised the price target to $87.00 (from $83.00).
Analyst Drew Crum commented, "We are increasing our target price on the shares of Electronic Arts to $87, and continue to recommend purchase of the shares. This implies the shares trade at 21x our FY2018 non-GAAP EPS estimate."
Shares of Electronic Arts closed at $79.86 yesterday.
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