Analysts at Morgan Stanley lowered their Interactive Entertainment industry view to cautious Thursday.
Catalysts for the downgrade are:
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- Game stocks up significantly since fiscal third quarter 2014; growth already priced in.
- Rising mobile app game earnings.
- Higher playstation 4 profit growth.
- More monetization opportunities in Asia.
Analysts stated,”Once industry shares in general have gained, we expect the market to start assessing sustainable profit levels for each firm.”