Electronic Arts Downgraded On Reduced ‘Star Wars’ Estimates At Morgan Stanley

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.

Print Friendly, PDF & Email

Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

Share This Post On

Submit a Comment

Your email address will not be published. Required fields are marked *