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Electronic Arts stock falls after MKM downgrades, calling Apex Legends success a 'head fake'

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Electronic Arts stock falls as analyst questions Apex Legends success

Shares of Electronic Arts Inc. EA, -0.48% were down 1.6% in premarket trading Friday after MKM Partners analyst Eric Handler cut his rating on the shares to neutral from buy. "The initial success of 'Apex Legends' in 4QFY19 likely created a head fake where early, upward revisions of FY20 Street forecasts may have been too much, too soon as player engagement has meaningfully declined in the last 10 weeks," he wrote.

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