Electronic Arts (NASDAQ:ERTS): Upgraded to Buy at Merril Lynch/BAM
Notable Calls (June 30th, 2009) Writes:
div style="text-align: justify;"Merrill Lynch/BAM is upgrading span style="font-weight: bold;"Electronic Arts (NASDAQ:ERTS)/span to Buy from Neutral following a modest post-E3 sell-off.br /br /According to the analyst the upgrades is based on 1) expected upside to consensus estimates in 1Q and 2Q with company likely tracking at/above their early FY10 internal plan, 2) strength of Sims 3, Active and Need for Speed franchises likely driving improved investor sentiment on EA’sbr /execution, 3) catalysts and seasonality with the summer period historically giving the best return on EA’s stock and the firm sees several upcoming catalysts. span style="font-weight: bold;"Merrill is $100mn above consensus in F1Q (June) and F2Q and their bias is that Street estimates move higher for FY10/FY11 over next 90 days, as key Active and Sims titles should have catalog and sequel strength./spanbr /br /span style="font-weight: bold;"Multiple catalysts/spanbr /In addition to 1Q/2Q upside, they see the following catalysts helping drive improved investor ...
Tags for this Post:
.br /br /Analyst, Analyst, Electronic Arts, Market Commentary, Merril Lynch, Merrill Lynch, Q, retail sales data, The Macro Trader, Upgraded, USD
.br /br /Analyst, Analyst, Electronic Arts, Market Commentary, Merril Lynch, Merrill Lynch, Q, retail sales data, The Macro Trader, Upgraded, USD


![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
