BMO Capital lowered the firm’s price target on Ubisoft to EUR 20 from EUR 22 and keeps an Outperform rating on the shares. The company’s Q2 and FY25 guidance cut was driven by the initial softness in Star Wars Outlaws title and the delay of Assassin’s Creed Shadows from November to February, though the firm also hopes that the management’s update provides visibility and helps to de-risk the long-term story, the analyst tells investors in a research note.

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