Electronic Arts downgraded to Hold from Buy at Stifel

Stifel analyst Drew Crum downgraded Electronic Arts (EA) to Hold from Buy with an unchanged $167 price target The firm remains positive on the stock longer term given its fundamental outlook for the company, but it is reducing its net booking estimates following its “review of game model”, the analyst tells investors in a research note. Stifel adds that it sees “limited upside” for shares in the near term.