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Electronic Arts: shares up after broker initiates with 'buy'

(CercleFinance.com) - Shares in US video game maker Electronic Arts have risen by up to 1.
5% at 114.7 dollars on Friday after Berenberg initiated its coverage of the stock with a "buy" rating and a target price of 145 dollars.

The German broker in a report said that the video games sector has benefited from numerous positive tailwinds in recent years, notably the progression of digital revenues.

"We have taken a deep-dive into six key themes that we believe will shape the video gaming industry over the next five years and remain deeply excited about the health of the sector," Berenberg said.

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