UPDATE: Hilliard Lyons Reiterates Electronic Arts at Neutral Following CEO Departure

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Hilliard Lyons maintained Electronic Arts
EA
with a Neutral rating. Hilliard Lyons analyst Jeffrey S. Thomison commented, "After the market close on 3/18/13, John Riccitiello announced his resignation as EA's Chief Executive Officer and Board member effective 3/30/13. … While we believe a leadership change at EA is a net positive, we believe the successor choice will play a major factor in our future stock rating. Given the immediate uncertainty, as well as a lowered earnings outlook likely due to sluggish sales, we maintain our Neutral rating at this time." Electronic Arts closed at $17.15 on Tuesday.
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Posted In: Analyst ColorReiterationAnalyst RatingsHilliard Lyons
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