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Electronic Arts (EA) Stock Gains on MKM Partners Upgrade

NEW YORK (TheStreet) -- Electronic Arts (EA - Get Report) stock is up by 0.43% to $70.87 in early morning trading on Thursday, after receiving a rating upgrade to "buy" from "hold" at MKM Partners.

The firm also raised its price target to $82 from $73 because the company's strong upcoming releases and digital content are expected to positively affect sales through fiscal 2017.

Electronic Arts is expected to continue its steady growth with the release of "Star Wars Battlefront," which had a successful beta release, "Battlefield," "Mass Effect: Andromeda" and "Titanfall 2," MKM said in an analyst note.

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"We can no longer ignore EA's consistent ability to under-promise and over deliver having exceeded, over the last nine quarters, its revenue guidance by an average of 8% and its EPS outlook by an average of 22 cents," analysts said.

Electronic Arts is expected to post earnings of 44 cents per share, on $1.1 billion for the latest quarter, according to MKM analysts.

The video game maker will release its fiscal 2016 second quarter earnings results on...


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