Electronic Arts price target raised to $124 from $118 at Barclays

Barclays analyst Mario Lu raised the firm’s price target on Electronic Arts to $124 from $118 and keeps an Equal Weight rating on the shares. ahead of the Q1 results. The analyst likes Take Two Interactive Software (TTWO) and Match Group (MTCH) heading into the Q1 earnings for the interactive and subscription entertainment sector. The stocks offer limited downside given strong valuation support as well as an attractive setup post print if guidance were to de-risk numbers further, "creating a local bottom," the analyst tells investors in a research note.