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Electronic Arts (EA) Stock Price Target Raised at Barclays on Q1 Beat

NEW YORK (TheStreet) -- Shares of Electronic Arts (EA) were higher in late-morning trading on Wednesday after reporting a 2017 first-quarter earnings and revenue beat after Tuesday's market close.

The Redwood City, CA-based video game company reported earnings of 7 cents per share, beating analysts' expectations for a loss of 2 cents per share. Revenue fell to $682 million from $693 million last year, but was above analysts' expectations of $650.7 million.

As a result, Barclays raised the stock's price target to $88 from $82...