Grand Theft Auto VI Competition Fears See Ubisoft Bull Backtrack
- Exane downgrades to neutral, sending stock to a 10-year low
- Crowded 2025 game-release schedule seen as cause for caution
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The prospect of a year stacked with new game releases, including Take-Two Interactive Software Inc.’s long-awaited Grand Theft Auto VI, has caused a bull of Ubisoft Entertainment SA to end their positive call.
BNP Paribas Exane downgraded the stock to neutral on Wednesday, having maintained an outperform recommendation since September last year.