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Fly News Breaks for January 24, 2017
ATVI
Jan 24, 2017 | 06:10 EDT
Piper Jaffray analyst Michael Olson expects Activision Blizzard's FY17 guidance to miss expectations when the company reports on February 9, but he notes that this is widely expected by investors. The analyst thinks Activision's Q4 revenue could be slightly below consensus, but he expects earnings will be in-line with the Street driven by Overwatch, World of Warcraft and other digital revenue sources. Olson keeps an Overweight rating on the shares with a $51 price target.
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