Cantor Fitzgerald analyst Edward James downgraded Ubisoft to Neutral from Overweight with a price target of EUR 17.60, down from EUR 25. The company’s Star Wars Outlaws game released in late August has disappointed players and seems likely to underperform expectations, the analyst tells investors in a research note. The firm says that when combined with a report that XDefiant player numbers is on a steady decline, Ubisoft has a large hole for the upcoming Assassin’s Creed Shadows game to fill.
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