Electronic Arts price target raised to $125 from $115 at JPMorgan

JPMorgan analyst Cory Carpenter raised the firm’s price target on Electronic Arts (EA) to $125 from $115 and keeps a Neutral rating on the shares. The firm says the company “provided much needed clarity” around recent FC headwinds, with management delivering an upbeat message that FC bookings returned to growth following well received gameplay changes and annual Team of The Year update.