Wells Fargo analyst Brian Fitzgerald lowered the firm’s price target on Electronic Arts to $120 from $150 and keeps an Equal Weight rating on the shares. Though Q3 missed, the firm is "encouraged" by management’s cost discipline and remains optimistic about the company’s long-term prospects.
Published first on TheFly
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Read More on EA:
- Electronic Arts price target lowered to $139 from $164 at Wedbush
- Electronic Arts price target lowered to $136 from $158 at Cowen
- Electronic Arts price target lowered to $125 from $145 at Baird
- Electronic Arts price target lowered to $118 from $132 at Barclays
- Electronic Arts price target lowered to $132 from $154 at Credit Suisse
