BMO upgrades Electronic Arts to outperform, says Apex Legends and sports games have upside

Andrew Wilson, chief executive officer of Electronic Arts Inc. (EA), speaks during the company's EA Play event ahead of the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Saturday, June 10, 2017.
Patrick T. Fallon | Bloomberg | Getty Images

The market has overlooked the underlying performance for video game publisher Electronic Arts this year, and investors should take advantage, according to BMO Capital Markets.