Raymond James initiated Electronic Arts and Activision Blizzard as outperform Raymond James initiated the video game company and said they would benefit from the accelerated "time share and distribution" caused by the coronavirus. "We are initiating coverage of the Interactive Entertainment sector and three companies: Activision Blizzard, Electronic Arts, and Take-Two Interactive Software. The interactive entertainment sector is a dynamic and evolving space, with ongoing structural shifts in entertainment time share and distribution accelerated by the COVID-19 pandemic." Cowen upgraded Under Armour to outperform from market perform Cowen said in its downgrade of Under Armour that consensus estimates were "too conservative." "Our recent checks suggest improved wholesale sell through at key U.S. wholesale Sporting Goods partners with lean inventory levels. We view implied Q4:20E guidance on revenue and EPS as conservative. We anticipate a recovery in brand momentum that is above consensus estimates into FY22."