Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Wedbush Morgan Ups Electronic Arts to Strong Buy

From Standard & Poor's Equity Research

Wedbush Morgan upgraded Electronic Arts (ERTS) to strong buy from buy, explaining that the company's guidance has substantial upside.

Analyst Michael Pachter says the company's recent release, 2006 FIFA World Cup, has sold well heading into the World Cup (starting June 9). He says Electronic Arts' April US retail sales rose 50%, compared with guidance for total revenue down 7% to 18%. He believes management was conservative with fiscal year 2007 (ending March) guidance. Should the company consistently deliver upside, he expects it to have earnings per share expansion over the next six months. He views next generation console launches for Wii (fourth quarter) and PS3 (ending November) as catalysts. He has a $60 stock price target.

blog comments powered by Disqus