Electronic Arts assumed with a Buy at Jefferies

Jefferies assumed coverage of Electronic Arts with a Buy rating and price target of $165, up from $160. EA has unrivaled scale in sports and live services across multiple genres, the analyst tells investors in a research note. The firm expects continued execution and the addition of college football to sustain mid-single-digit growth in sports. It it positive on EA’s content pipeline and large live service games, but sees those catalysts further away.