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Jefferies Upgrades Electronic Arts (EA) to Buy, $80 PT

June 24, 2015 6:45 AM EDT
Get Alerts EA Hot Sheet
Price: $132.67 +0.61%

Rating Summary:
    28 Buy, 17 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Jefferies US Interactive Entertainment Team upgraded Electronic Arts (NASDAQ: EA) from Hold to Buy with a price target of $80.00 (from $58.00).

The team commented, "EA looks well positioned against two multi-year tailwinds: faster than expected console sales and the transition to higher-margin digital revenue. On top of this, EA's multi-year game pipeline looks the best we've ever seen, starting this holiday with Star Wars Battlefront. And the company will return 50% of FCF to investors starting with a $1B, 2-yr buyback. Based on earnings power, we think the stock has plenty more room to run."

FY 2015 EPS was raised from $2.76 to $3.08.

For an analyst ratings summary and ratings history on Electronic Arts click here. For more ratings news on Electronic Arts click here.

Shares of Electronic Arts closed at $66.58 yesterday.



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