Credit Suisse lowered the firm’s price target on Electronic Arts to $132 from $154 as it moderates its Apex Legends live services estimates and removes contribution form the two cancelled mobile titles above. The firm notes EA‘s results fell below its estimates driven primarily by Live Services, with the company also announcing that it is halting development of mobile versions of Apex Legends and Battlefield. Credit Suisse keeps an Outperform rating on the shares.
Published first on TheFly
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