JPMorgan lowered the firm’s price target on Ubisoft (UBSFY) to EUR 10 from EUR 11 and keeps a Neutral rating on the shares. Ubisoft cut its Q3 and fiscal year revenue guidance due to weaker than expected back catalog and Star Wars sales over the holiday period, and also another delay to AC:Shadows which will now be released on March 20, the analyst tells investors in a research note. The firm reduced estimates.
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