Benchmark analyst Mike Hickey lowered the firm’s price target on Sony (SONY) to 3,900 yen from 4,250 yen and keeps a Buy rating on the shares after a “mixed” quarter. Key catalysts include a “robust” content pipeline across both first- and third-party titles, including Marvel’s Wolverine, SAROS, and the expected release of Grand Theft Auto VI, which the firm thinks should drive engagement, monetization, and potentially incremental hardware demand.
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