Societe Generale analyst Richard-Maxime Beaudoux downgraded Ubisoft to Sell from Hold with a EUR 19.70 price target The analyst says yesterday’s "bad news came in far faster and far worse than we feared."
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Read More on UBSFY:
- Ubisoft price target lowered to EUR 33 from EUR 52 at Morgan Stanley
- Ubisoft unveils revenue growth measures, cancels three unannounced projects
- Ubisoft cuts Q3 net bookings view to EUR725M from EUR830M
- Ubisoft cuts FY23 operating income view to (EUR500M) from EUR400M
- Ubisoft sees FY23 operating income in the red, Bloomberg says
