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Fly News Breaks for November 9, 2015
KING, ATVI
Nov 9, 2015 | 06:16 EDT
Piper Jaffray analyst Michael Olson raised his price target for Activision Blizzard (ATVI) to $42 citing accretion from the King Digital (KING) acquisition. Activision's guidance for 30% accretion from the deal in 2016 is likely conservative, Olson tells investors in a research note following the company's investor day. He reiterates an Overweight rating on the name.
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