UBS Downgrades Electronic Arts to Neutral, Raises Price Target to $142
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Eric Sheridan has downgraded Electronic Arts (NASDAQ:EA) from Buy to Neutral, while raising the price target from $140 to $142.
August 04, 2023 | 11:13 am
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NEUTRAL IMPACT
Electronic Arts has been downgraded to Neutral from Buy by UBS, but the price target has been raised from $140 to $142.
The downgrade from Buy to Neutral suggests that UBS sees limited upside potential for EA in the near term. However, the increase in price target indicates that UBS still sees some potential for stock price growth, albeit at a slower pace. This could lead to a neutral short-term impact on EA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100