Benchmark Maintains Buy on Electronic Arts, Lowers Price Target to $153
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mike Hickey maintains a Buy rating on Electronic Arts (NASDAQ:EA) but lowers the price target from $159 to $153.
August 04, 2023 | 11:04 am
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Electronic Arts' price target has been lowered from $159 to $153 by Benchmark, though the Buy rating is maintained.
The news of a lowered price target could potentially have a negative impact on investor sentiment, causing some short-term volatility in EA's stock price. However, the maintained Buy rating indicates that the analyst still sees potential upside in the stock, which could offset any negative impact.
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