Ubisoft price target lowered to EUR 20 from EUR 22 at BMO Capital

BMO Capital reduced Ubisoft's price target to EUR 20 from EUR 22 but maintained an Outperform rating. The company's lowered guidance was due to Star Wars Outlaws' performance and Assassin's Creed Shadows' delay. Analysts hope management's update will clarify and mitigate long-term risks.