Capcom Shares Dropped 13% Following Monster Hunter World Announcement

Capcom Shares Dropped 13% Following Monster Hunter World Announcement

6 years ago
Anonymous $TjsaxHwAP-

https://wccftech.com/capcom-shares-dropped-following-announcement/

Two days ago, Tuesday, the opening of the market saw Capcom (TYO:9697) shares plummet from ¥2,823 to a low of ¥2,461. This fall of 12.9% finally settled at ¥2,505 and was precipitated by a report that indicated a slowdown of sales of hit title Monster Hunter World.

According to the Financial Times, Bank of America Merrill Lynch (BofAML) initiated the fall by downgrading Capcom’s stock from neutral to underperforming. BofAML also lowered the share target price from ¥2,800 to ¥2,300. This was based on a “significant risk of sales decline” over the coming months for Monster Hunter World. The report specifically states

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