E3 Halo game announce won't include Master Chief
Atlus RPG Persona 4 given US release date - details
Firmware 2.40 still down, wait goes on for news
January 30th, 2008 @ 16:38
EA (ERTS) shares rose 4 percent this morning after Bear Stearns analyst Ed Urban upgraded the stock from “peer perform” to “out perform”, following a 26 point slide since December 26.
“Shares have returned to levels seen at the beginning of the cycle, despite more certainty around cycle growth prospects,” Urban said.
Urban has a $60 target on EA, which stood today at $47.38 after the rise.
“While a protracted consumer slowdown would be expected to have some impact on the publishers, we believe ERTS’ revenue growth expectations - +17% y/y -are reasonable given the recent industry updates from hardware manufacturers and publishers,” Urban added.
Del.icio.us | Digg | Share on Facebook
You can follow any responses to this entry through the RSS 2.0 feed. Leave a response
You must be logged in to post a comment.
Leave a Reply