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Electronic Arts (EA -1.3%) is hit by a downgrade to Neutral from BofA. The firm notes shares as...

  • Wednesday, September 26, 2012, 11:49 AM ET
    Electronic Arts (EA -1.3%) is hit by a downgrade to Neutral from BofA. The firm notes shares as up 15% from their July 31 low (better than the S&P's 5%), in spite of concerns about the performance of Medal of Honor Warfighter, which arrives on Oct. 23. It thinks Medal of Honor sales could be hurt by a "very crowded holiday quarter" that will also see refreshes for the Halo, Call of Duty, and Assassin's Creed franchises.
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    Bank of America ought to take care of its own business model and quit trying to analyze others. Their reasoning on EA is faulty and pure speculation. "Sales could be hurt...", then again sales may not be hurt. The "crowded holiday quarter" will help sales at EA, no doubt. Someone at BofA looking to buy EA at a discount with this downgrade?

    Something is rotten at BofA.
    26 Sep 2012, 11:56 AM Reply Like
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