Kaufman Bros. Raises Price Target For Electronic Arts Inc. (ERTS)

By Benzinga Staff
April 16, 2010 2:03 PM

Symbols: EA

Posted in: Analyst Color, Price Target, Analyst Ratings

Analyst Todd Mitchell at Kaufman Bros. has raised the price target for Electronic Arts Inc. (NASDAQ: ERTS) from $19 to $23.

According to NPD, retail sales for the overall video game industry were up by 6% to $1.52 billion in March. Software sales were up by 10% to $875 million, while hardware sales fell 3% to $441 million. Kaufman Bros. believes that key titles released by Electronic Arts in fiscal fourth-quarter performed ahead of expectations.

Kaufman Bros. has maintained its Buy rating for Electronic Arts Inc.

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Kaufman Bros. Raises Price Target For Electronic Arts Inc. (ERTS)

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