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Fly News Breaks for February 8, 2016
ATVI
Feb 8, 2016 | 10:12 EDT
Stifel analyst Drew Crum believes shares of Activision due to uncertainties around the content strategy for the Destiny franchise in 2016 and mid-cycle multiple compression as the industry approaches its "perceived peak." The analyst expects management to address content strategy on the February 11 Q4 call but said cycle concerns could linger. Crum views Activision's valuation as attractive and continues to reiterates his Buy rating and $43 price target on shares.
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