Analysts: EA’s New CEO Will Shine and 3 Other Research Notes to Check Out
Electronic Arts (NASDAQ:EA): Electronic Arts named Andrew Wilson, former head of EA Sports, as its new CEO. Wedbush said Wilson is a charismatic leader with the experience and versatility necessary to lead the company into the next-generation console transition. The shares are Outperform rated with a $30 price target.
Intuit (NASDAQ:INTU): Morgan Stanley downgraded Intuit to Underweight from Equal Weight. The firm believes Inuit’s growth story is slowing along with the category trends, and it notes the shares are expensive. The shares’ price target is $62.
Panera Bread (NASDAQ:PNRA): Wedbush expects Panera’s same-store sales and operating leverage to beat expectations going forward. The firm’s checks indicate the company’s comparative sales growth accelerated in the second half of the third quarter, and it reiterates a $190 price target and an Outperform rating on the shares.
Michael Kors (NYSE:KORS): Citigroup said its national handbag survey indicated Michael Kors continues to perform above plan and is favored most among customers. Citi added that its channel checks indicate Coach (NYSE:COH) seems to be tracking in line or slightly below plan, but notes that its sales trends are positive. The firm reiterates a Buy rating on Michael Kors while calling Coach a more long-term idea.