UPDATE: Hudson Square Research Downgrades Electronic Arts to Sell, Reiterates $15 PT Ahead of Quarter Report - Electronic Arts (NASDAQ:EA)

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In a report published Monday, Hudson Square Research analyst Daniel Ernst downgraded the rating on Electronic Arts (NASDAQ: 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.

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