Oppenheimer analyst Andrew Uerkwitz tells investors in a research note that he believes the video game industry is "still healthy," but that the larger publishers -- primarily Outperform-rated Activision Blizzard (ATVI) and Electronic Arts (EA) -- are struggling to keep up with innovation and are not enjoying the same growth rates. He notes that Activision is expected to see just 4% growth in 2H18, while EA is down 5% y/y, while Take Two (TTWO) is estimated to be up about 69% for the same period due to Red Dead Redemption 2. He says EA has "several shots" on goal with three AAA titles coming in 2019, but says Activision has "a little work to do" on the Blizzard side.