Argus raised the firm’s price target on Electronic Arts (EA) to $183 from $161 and keeps a Buy rating on the shares. The company remains an industry leader with a deep catalog of popular titles that it’s leveraging through new forms of digital distribution, new mobile versions, and geographic expansion, the analyst tells investors in a research note. EA has also successfully made the transition from its popular FIFA soccer brand to the new FC brand, Argus added.
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