{"id":11078,"date":"2023-05-19T16:57:18","date_gmt":"2023-05-19T20:57:18","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/ubisoft-entertainment-shares-slump-on-double-downgrade-to-sell-by-ubs\/"},"modified":"2023-05-19T16:57:19","modified_gmt":"2023-05-19T20:57:19","slug":"ubisoft-entertainment-shares-slump-on-double-downgrade-to-sell-by-ubs","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=11078","title":{"rendered":"Ubisoft Entertainment shares slump on double-downgrade to sell by UBS"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002076168\" role=\"document\">\n<p>Ubisoft Entertainment shares<br \/>\n        UBI,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200990331\/delayed\" class=\"negative\">-0.65%<\/bg-quote><br \/>\n       slumped, making it the second-worst performer in the Stoxx Europe 600, following a double downgrade to sell from buy at UBS, which slashed its price target to \u20ac20 from \u20ac55. \u201cFY24 guidance will require Ubisoft to successfully deliver the biggest front book revenue performance in its history despite expecting back catalogue to decline post a poor FY23 release slate and a soft consumer backdrop,\u201d said the broker. Next-year\u2019s lineup includes Assassins Creed Mirage, which UBS estimates will have sales of 10 million units, Avatar: Frontiers of Pandora, which UBS sees 6 million sales, and a yet to be announced game which Ubisoft expects to be bigger than The Crew Motorfest. Ubisoft shares fell 4% to \u20ac23.55.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/ubisoft-entertainment-shares-slump-on-double-downgrade-to-sell-by-ubs-1ede3c38?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ubisoft Entertainment shares UBI, -0.65% slumped, making it the second-worst performer in the Stoxx Europe 600, following a double downgrade to sell from buy at UBS, which slashed its price target to \u20ac20 from \u20ac55. \u201cFY24 guidance will require Ubisoft to successfully deliver the biggest front book revenue performance in its history despite expecting back [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-11078","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ubisoft Entertainment shares slump on double-downgrade to sell by UBS | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Ubisoft Entertainment shares UBI, -0.65% slumped, making it the second-worst performer in the Stoxx Europe 600, following a double downgrade to sell from\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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