Analysts: EA Shows Strong Catalysts and 3 More Research Notes to Look Over

Electronic Arts (NASDAQ:EA): Needham has upgraded Electronic Arts two notches, to Strong Buy from Hold, following strong second-quarter results. The firm cited the impending console refresh cycle, impressive operating expenditure control, and digital revenue growth. Electronic Arts’s price target is set at $33.

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Baidu (NASDAQ:BIDU): Brean Murray has upgraded Baidu to Buy from Hold with a $200 price target following the company’s third-quarter report and upbeat fourth-quarter guidance. The analyst said Baidu is making solid progress in mobile and has built a comprehensive offering through both internal research and development and strategic acquisitions; the firm believes the company is in the early stages, which bodes well for long-term growth.

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Western Union (NYSE:WU): Raymond James has downgraded Western Union to Market Perform from Outperform due to significantly increased compliance spending and investments, pricing initiatives in competitive areas, and an increasingly unfavorable profit outlook.

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Bed Bath & Beyond (NASDAQ:BBBY): Canaccord has downgraded Bed Bath & Beyond to Hold from Buy due to the challenging consumer discretionary environment, expectations for increased promotional activity, and a greater online marketing push. The firm set a price target at $84 for Bed Bath & Beyond.

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