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ATVI

Activision Blizzard

$37.95

0.58 (1.55%)

, GME

GameStop

$24.49

-0.29 (-1.17%)

07:37
11/30/16
11/30
07:37
11/30/16
07:37

Activision Call of Duty price mix should offset unit declines, says Jefferies

Jefferies analyst Brian Fitzgerald attributes the 17% pullback in Activision Blizzard (ATVI) from its 52-week high in October to fears that Call of Duty is underperforming. He points to the game underperforming at GameStop (GME) and the fact that Activision did not issue a post-launch press release around COD performance for the first time since 2008 as potential signs of softness. However, Fitzgerald thinks the unit declines may be partially offset by higher uptake of the $80 premium version of the game and notes that Overwatch and WoW have both had engagement spikes. The analyst expressed confidence in his 2017 EPS estimates for Activision and maintains his Buy rating and $55 price target on the stock.

ATVI

Activision Blizzard

$37.95

0.58 (1.55%)

GME

GameStop

$24.49

-0.29 (-1.17%)

ATVI Activision Blizzard
$37.95

0.58 (1.55%)

10/14/16
10/14/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Activision Blizzard (ATVI) initiated with an Outperform at Oppenheimer. 2. Aqua America (WTR) initiated with a Neutral at Baird. 3. HP Enterprise (HPE) initiated with an Underperform at CLSA. 4. TASER (TASR) initiated with an Outperform at Imperial Capital. 5. Noble Energy (NBL) initiated with a Buy at Mizuho. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/16
PIPR
11/02/16
NO CHANGE
Target $91
PIPR
Overweight
Electronic Arts guidance likely conservative, says Piper Jaffray
Piper Jaffray analyst Michael Olson believes Electronic Arts (EA) is taking a conservative approach to its below consensus December quarter guidance given the recent late October launches of Battlefield 1 and Titanfall 2. The stock trades at a "fairly material discount" to closest comp Activision Blizzard (ATVI), which is unwarranted, Olson tells investors in a post-earnings research note. He raised his price target for EA shares to $91 from $89 and reiterates an Overweight rating on the shares.
11/04/16
BARD
11/04/16
NO CHANGE
Target $50
BARD
Outperform
Activision Blizzard price target raised to $50 from $46 at Baird
Baird analyst Colin Sebastian raised his price target on Activision Blizzard to $50 from $46 following the company's Q3 report. The analyst said its results were driven by solid performance from new titles and continued strength from established franchises. Sebastian expects another growth year in 2017 and reiterated his Outperform rating on Activision Blizzard shares.
11/11/16
PIPR
11/11/16
NO CHANGE
PIPR
Oct. NPD video game software sales rose 11%, says Piper Jaffray
Piper Jaffray analyst Michael Olson says October NPD video game software sales were up 11% year-over-year due to strong results from incremental launch titles, including Electronic Arts' (EA) Battlefield 1 as well as Take Two's (TTWO) Mafia III, among others. The analyst, however, views the October NPD results as "largely irrelevant" since Activision Blizzard (ATVI), EA and Take-Two already announced December quarter guidance and GameStop (GME) recently announced preliminary October quarter results. He keeps Overweight ratings on all four names.
GME GameStop
$24.49

-0.29 (-1.17%)

11/02/16
PIPR
11/02/16
DOWNGRADE
PIPR
Neutral
GameStop downgraded to Neutral from Overweight at Piper Jaffray
11/02/16
PIPR
11/02/16
DOWNGRADE
Target $23
PIPR
Neutral
GameStop cut to Neutral on game business erosion at Piper Jaffray
As previously reported, Piper Jaffray analyst Michael Olson, downgraded GameStop to Neutral from Overweight after the company pre-released a quarterly earnings miss and lowered its fiscal year guidance. This quarter will "prove to be a microcosm of the next several years," as the company's core gaming business erosion cannot be offset by growth in its new initiatives, predicted Olson, who lowered his price target on GameStop shares to $23 from $41.
11/03/16
BARD
11/03/16
NO CHANGE
Target $25
BARD
Outperform
GameStop price target lowered to $25 from $40 at Baird
Baird analyst Colin Sebastian lowered his price target on GameStop to $25 from $40 following its Q3 preannouncement. The analyst said his field checks indicated mixed pre-order levels for key holiday titles through October and he expects promotional activity to drive holiday demand. Sebastian maintained his Buy rating on GameStop shares as his rating is based on the company's long-term diversification strategy and ongoing free cash flow generation.

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MFG

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LULU

lululemon

$55.37

1.12 (2.06%)

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AYR

Aircastle

$21.17

0.04 (0.19%)

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EXLS

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$55.05

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NBIX

Neurocrine

$47.35

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