EA Climbs as Apex Legends Lauded as Its ‘Hottest Game in Years’

Electronic Arts Inc. rose to the highest in nearly four months as some Wall Street analysts weighed in favorably on the the potential success of the company’s latest game, Apex Legends.

Free-to-play Apex Legends could be a competitor to the wildly popular game Fortnite, Bank of America Merrill Lynch suggested in a note, upgrading shares to buy. And Jefferies said Fortnite’s viewership on the video game streaming site Twitch was "basically chopped in half" in the days following the Apex release.