Barclays analyst Mario Lu lowered the firm’s price target on Electronic Arts to $118 from $132 and keeps an Equal Weight rating on the shares. The company’s fiscal Q3 results came in below expectations and fiscal year guidance was lowered further mainly due to Star Wars Jedi: Survivor being delayed, the analyst tells investors in a research note. The analyst estimates mobile excluding FIFA saw a bookings decline of double digits.
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Published first on TheFly
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