Electronic Arts price target raised to $19 from $15 at Brean Capital Brean Murray raised Electronic Arts price target citing strong digital revenues and 2014 growth potential on a stronger FPS comp and expanding line-up. Shares are Buy rated.
December NPD video game software sales dropped 2%, says Piper Jaffray Piper Jaffray notes December NPD video game software sales fell 2% year-over-year, with the full quarter down 6% and 2014 down 13%. Piper attributes the declines to legacy weakness and a portion of sales shifting to full-game downloads. The firm expects software growth in 2015 and maintains Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).