As previously reported, Morgan Stanley analyst Brian Nowak downgraded Electronic Arts to Equal Weight from Overweight after disappointing “Star Wars: Battlefront 2” third party data led him to lower his Star Wars unit estimate in Q3 to 10M from 13M.
He adds that he doesn’t expect any microtransactions from Star Wars until Q4 and that any rollout of microtransactions will be heavily scrutinized after the issues already experienced by the game.
The analyst, who reduced his FY18 and FY19 EPS estimates for EA by 8% and 9%, respectively, lowered his price target on the stock to $120 from $126.
