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.
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.
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.
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.