Loading...
Loading...
In a report published Monday, Hudson Square Research analyst Daniel Ernst downgraded the rating on Electronic Arts
EA from Hold to Sell, but reiterated the $15.00 price target.
In the report, Ernst noted, “With the company scheduled to report another below expectation quarter tomorrow and given our view that consensus for FY14 is too high as EA attempts to navigate a turnaround in the midst of a console transition, and with the stock trading at 20.6x earnings, we recommend investors take profits.”
Electronic Arts closed on Friday at $17.95.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in