Morgan Stanley Bearish On Interactive Gaming industry

Analysts at Morgan Stanley lowered their Interactive Entertainment industry view to cautious Thursday.

Catalysts for the downgrade are:

• 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.”