Electronic Arts price target raised to $210 from $170 at Argus

Argus raised the firm’s price target on Electronic Arts (EA) to $210 from $170 and keeps a Buy rating on the shares. The firm expects shares to trade on the market’s perception of the expected completion of the leveraged buyout by a consortium of private equity partner rather than on fundamentals, the analyst tells investors in a research note. Argus does not expect the deal to encounter any major issues.