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Fly News Breaks for February 12, 2016
ATVI
Feb 12, 2016 | 07:10 EDT
After Activion's guidance came in below expectations and the stock tumbled 12% in pre-market trading, Pacific Crest thinks that the video game sector may need to re-rate. However, the firm thinks that Activision is the most stable company in the sector, while its valuation is attractive. Pacific Crest trimmed its price target on the name to $36 from $41 but recommends buying the stock on weakness.
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