Shares of Electronic Arts Inc. EA, +0.91% were down 1.6% in premarket trading Friday after MKM Partners analyst Eric Handler cut his rating on the shares to neutral from buy. "The initial success of 'Apex Legends' in 4QFY19 likely created a head fake where early, upward revisions of FY20 Street forecasts may have been too much, too soon as player engagement has meaningfully declined in the last 10 weeks," he wrote. Handler said that "Star War Jedi: Fallen Order" has potential to sell well when it launches later in the year but brings monetization challenges. "Our key issue with the game is that as a story-driven game it will not have a multiplayer component and there will be no microtransactions, thus eliminating recurrent revenue spending," he wrote. Though he downgraded the stock, Handler increased his fair-value estimate to $100 from $92 in the note to clients. EA shares have gained 20% so far this year, as the S&P 500 SPX, +0.11% has risen 16%.