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Fly News Breaks for May 6, 2016
ATVI
May 6, 2016 | 09:19 EDT
After Activision Blizzard delivered beat and raise results, Sterne Agee CRT says that the company's launch of its "Overwatch" game should be a near-term catalyst for the shares. The firm thinks the launch will leave the company well-positioned to report better than expected Q2 and full-year results. The firm estimates that Activision's EPS CAGR from 2015-2018 could reach 20%-25%. Sterne Agee CRT keeps a $45 price target and Buy rating on the shares.
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