Soleil Securities Upgrades Electronic Arts (ERTS) to Buy
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Soleil Securities upgrades Electronic Arts (Nasdaq: ERTS) from Hold to Buy, with a $55 price target.
The firm also raised FY09 EPS estimates from $1.54 to $1.64 and introduced FY10 EPS estimates of $2.25.
The firm said, "Upgrade to Buy from Hold as we believe the strong 2H slate of new and internally-developed, internally-owned higher-margin titles should drive bottom-line outperformance."
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