Ubisoft rebounds from 10-year lows, BMO upgrades to 'outperform'
** BMO Capital Markets upgrades Ubisoft UBIP.PA to "outperform" from "market perform" saying shares are too cheap to ignore after stock hits 10-year lows on release of "Star Wars Outlaws"
** French video game maker's shares begin recovery, up 5% for second consecutive day after 36% fall since the game was released on Aug. 27
** "We believe investors may be overreacting to softer Star Wars Outlaws limited 3P (third-party) sales data, given the potential longer-tail sales opportunity for the title", BMO analysts said in a note
** "Part of the market believes that the fall has been exaggerated, and some analysts are starting to turn round", Midcap analyst Charles-Louis Planade says
** Analyst says the market is becoming optimistic about release of "Assassin's Creed Shadows", which is expected on Nov. 15
** Ubisoft shares on track for best day since July 8
Reporting by Mathias de Rozario
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