Electronic Arts: Jefferies still on 'hold'

(CercleFinance.com) - Jefferies analysts said on Tuesday that they are maintaining a 'Hold' rating on the share of US video game publisher Electronic Arts, even though the group said that its Q1 performance was "much better" than expected.


"EA didn't provide any official financial update, but did note that they continue to take a cautious approach when considering the FY results (note that FIFA & Madden are landing a week or so later than expected, which impacts numbers)," the broker said.

Jefferies thus confirms its target price of 115 dollars for the share (it closed at just under 130 dollars on Monday).



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