In a report published Wednesday, Stifel Nicolaus analyst Drew Crum reiterated a Buy rating on Electronic Arts EA, and raised the price target from $22.00 to $26.00.
In the report, Stifel Nicolaus noted, “Yesterday we hosted sr. management of Electronic Arts at the Stifel Internet, Media & Communications Conference in NYC. 3 key takeaways: 1) we came away more positive on the margin upside for the business; 2) management was generally upbeat concerning the implications from next gen consoles; and 3) greater clarity on Battlefield 4 ~ expected to be comparable to Battlefield 3 (FY12; 15 million units shipped).”
Electronic Arts closed on Tuesday at $21.97.
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