Video Game Stocks in the Spotlight
Electronic Arts (NASDAQ: EA) was upgraded from Neutral to Buy this morning by Sterne Agee, which also set its price target set at $22.00.
The upgrade was based around investor focus on the next generation of game systems, which is expected to improve trader sentiment and alleviate some other concerns.
The upgrade holds interesting implications for Activision Blizzard (NASDAQ: ATVI) who is reporting earnings after the market close tomorrow, and is giving the bulls more ammunition to send shares higher.
Shares of Electronic Arts were up a little under 0.50 percent to $16.89 in premarket trading, while Activision Blizzard is currently unchanged.
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