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Fly News Breaks for September 28, 2015
ATVI
Sep 28, 2015 | 08:29 EDT
Cowen analyst Doug Creutz said he believes the pipeline refresh at Activision Blizzard is going "extremely well," prompting him to raise his estimates for the company and hike his price target on the stock to $35 from $28. Creutz, who thinks Activision's recent and upcoming games and strength from Call of Duty set it up for "meaningful top-line upside" over the next few years, calls the stock his top pick in the console gaming space and keeps an Outperform rating on the shares.
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