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.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBSFY:
- Ubisoft Eyes Strategic Alternatives with New Advisors
- Did Capcom’s Monster Hunter Wilds Delay Ubisoft’s Assassin’s Creed Shadows?
- Ubisoft says holiday sales lower than expected
- Ubisoft hires advisors to pursue ‘strategic and capitalistic’ options
- Ubisoft announces another month of development to Assassin’s Creed Shadows