Truist analyst Matthew Thornton lowered the firm’s price target on Electronic Arts to $130 from $150 and keeps a Buy rating on the shares. The analyst reduced estimates following the company’s "weaker-than-expected" fiscal Q3 report. The macro environment is challenging and mobile remains challenging given changes at Apple, the analyst tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on EA:
- EA cancels unannounced ‘Apex Legends’ title, Bloomberg says
- Electronic Arts downgraded to Neutral at BofA on lower growth outlook
- Electronic Arts downgraded to Neutral from Buy at BofA
- Electronic Arts price target lowered to $120 from $150 at Wells Fargo
- Electronic Arts price target lowered to $112 from $131 at Roth Capital