UBS lowered the firm’s price target on Electronic Arts to $143 from $146 and keeps a Neutral rating on the shares. The firm is moderating assumptions for Q4 amid soft data checks and expects bookings to come in at the low-end of management’s previously provided guidance range, the analyst tells investors in a research note. UBS expects Q1 guidance to reflect a continuation of difficult comps with the lapping of the Star Wars Survivor and PGA Tour launches in Q1 and no comparable titles currently slated.
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