Market Overview

UPDATE: Piper Jaffray Downgrades Electronic Arts to Neutral on Core Portfolio Weakness

Share:
Related
Earnings Scheduled For May 5, 2015
Is The Force With Electronic Arts?
In Volatile Market, Steady Stocks Can Be Favored (Investor's Business Daily)

Piper Jaffray downgraded Electronic Arts Inc. (NASDAQ: EA) from Overweight to Neutral and lowered the price target from $18.00 to $14.00.

Piper Jaffray noted, "Downgrading to Neutral and lowering estimates after a weak holiday NPD. A series of initiatives that have faced challenges has formed a pattern that leaves us less optimistic that the company will see a near-term (next 1-2 quarters) recovery. EA has had recent success with several franchises and digital initiatives, yet difficulties in 2012 have overshadowed these victories. It was, therefore, important for EA to have a strong holiday to regain investor confidence and build momentum into 2013. Holiday has been challenged by weakness in Medal of Honor."

Electronic Arts closed at $14.00 on Thursday.

Latest Ratings for EA

DateFirmActionFromTo
Mar 2015NeedhamDowngradesBuyHold
Jan 2015JefferiesMaintainsHold
Jan 2015BarclaysMaintainsOverweight

View More Analyst Ratings for EA
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (EA)

Around the Web, We're Loving...