Electronic Arts price target raised to $29 from $24 at Brean Capital Brean Capital raised its price target on Electronic Arts ahead of Q1 results. The firm believes the company is well positioned for the console transition year and for potential margin improvements. Brean Capital also believes the issue of CEO succession is an overhang but can serve as a positive near term catalyst. 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).