Citigroup Downgrades Electronic Arts to Neutral, Raises Price Target to $161
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has downgraded Electronic Arts (NASDAQ:EA) from Buy to Neutral while raising the price target from $148 to $161.
July 15, 2024 | 12:16 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Citigroup analyst Jason Bazinet downgraded Electronic Arts from Buy to Neutral, but raised the price target from $148 to $161.
The downgrade from Buy to Neutral suggests a less optimistic outlook on EA's stock performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $161 indicates some underlying confidence in the company's value, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100