Electronic Arts downgraded by Cowen on 'substantially disappointing' 'Titanfall 2' sales

An image from "Titanfall" by Electronic Arts."
Source: Electronic Arts

Cowen on Friday lowered its rating on Electronic Arts to market perform from outperform, predicting the publisher's "Titanfall 2" release will significantly miss sales expectations.

"We are downgrading EA shares ... because we believe that 'Titanfall 2' sales are going to be substantially disappointing, enough to offset upside from 'Battlefield 1,'" analyst Doug Creutz wrote in a note to clients.

"We expect a correction in shares between now and early next year as we believe the stock is priced for upside to current Street consensus."