Morgan Stanley initiated coverage of Ubisoft with an Equal Weight rating and EUR 31.50 price target. The firm says that given some near-term risks and the company’s weak recent track record, it wants to gain more confidence on delivery before recommending the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on UBSFY:
- Ubisoft price target raised to EUR 26 from EUR 25 at JPMorgan
- Apple says Ubisoft’s ‘Assassin’s Creed Mirage’ coming to iPhone 15 Pro in 2024
- What You Missed This Week in Video Games
- EU tells Verge it may have to reassess Microsoft-Activision deal
- U.S. video game spending in July rose 1% year-over-year, says Circana